#1 Lead Price Movement in Shanghai Market (2014-3-6)

SHANGHAI, Mar. 6 (SMM) – Chihong Zn & Ge and Yubei warrants traded at RMB 13,780/mt in Shanghai, and later were sold at RMB 13,760/mt with discounts of around RMB 70/mt over the most active SHFE lead contract on Thursday after SHFE lead prices fell. Humon resources traded at RMB 13,760/mt. Following a fall in lead prices, lead smelters were less active in moving goods, and traders were also disinclined to trade. Downstream producers stayed on the sidelines, leaving transactions light on Thursday.