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#1 Lead Price Movement in Shanghai Market (2014-3-6)
Mar 6,2014 14:45CST
price review forecast
Source: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.

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.
 

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