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#1 Lead Price Movement in Shanghai Market (2014-3-14)
Mar 14,2014 13:03CST
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Source:SMM
In the Shanghai physical lead market, goods from Chihong Zn & Ge traded on Friday at RMB 13,650/mt, a premium of around RMB 90/mt over the most active SHFE lead contract.

SHANGHAI, Mar. 14 (SMM) – In the Shanghai physical lead market, goods from Chihong Zn & Ge traded on Friday at RMB 13,650/mt, a premium of around RMB 90/mt over the most active SHFE lead contract, with limited trading volumes for high prices. Chengyuan warrants were offered at a premium of RMB 100/mt over SHFE 1404 lead contract prices. Traded prices were RMB 13,620/mt for Yubei branded lead supply, and RMB 13,600/mt for Shuangyan and Honglu resources. Lead smelters were inactive moving goods, leaving lead supply still in a tight condition. Downstream producers had low buying interest since the Crimean referendum scheduled on Sunday fueled wary sentiment in the market on Friday.
 

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