#1 Lead Price Movement in Shanghai Market (2014-3-10)

SHANGHAI, Mar. 10 (SMM) – In the Shanghai physical lead market, goods from Chihong Zn & Ge and Tongguan were offered on Monday at RMB 13,650/mt, a discount of around RMB 70/mt against the most active SHFE lead contract, but barely traded. Chengyuan, Yubei, and Humon resources were sold mostly between RMB 13,600-13,630/mt. Lead smelters held prices firm and refrained from trading amid a fall in SHFE lead prices. Nevertheless, downstream lead-acid battery producers continued hunting for bargains, leaving trading activity relatively brisk on Monday.