#1 Lead Price Movement in Shanghai Market (2014-3-25)

SHANGHAI, Mar. 25 (SMM) – Goods from Chihong Zn & Ge, Chengyuan, Nanfang, and Shuangyan traded on Monday between RMB 13,690-13,710/mt in Shanghai, a discount of around RMB 60/mt over the most active SHFE 1405 lead contract price. Price gap between various lead brands narrowed with a lack of low-priced supply. As lead prices stabilized and high demand season neared an end, lead smelters had higher willingness to move goods, while traders also were more inclined to purchase goods. Downstream lead-acid battery producers, however, only purchased as needed due to sluggish end-user consumption. Trading activity was modest on Tuesday.