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Home / Metal News / #1 Lead Price Movement in Shanghai Market (2014-3-26)

#1 Lead Price Movement in Shanghai Market (2014-3-26)

Mar 26, 2014 13:25

Source:SMM

Despite an uptick in SHFE lead prices on Wednesday, traded prices for spot lead were essentially unchanged from Tuesday.

SHANGHAI, Mar. 26 (SMM) – Despite an uptick in SHFE lead prices on Wednesday, traded prices for spot lead were essentially unchanged from Tuesday. Goods from Chihong Zn & Ge and Chengyuan traded between RMB 13,710-13,720/mt, at a broader discount of around RMB 70/mt over the most active SHFE 1405 lead contract price. Traded prices were RMB 13,680/mt for Shuangyan supply wrapped with steel-plastic and RMB 13,670/mt for some wrapped with iron sheet. Low-priced lead supply was scarce in the Shanghai market. Lead smelters moved goods at a slower pace than Tuesday, while downstream producers had lower buying interest against tight liquidity on Wednesday, with modest trading activity.

spot lead prices

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