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#1 Lead Price Movement in Shanghai Market (2014-4-1)
Apr 1,2014 13:16CST
price review forecast
Source:SMM
In the Shanghai physical lead market, goods from Chihong Zn & Ge and Nanfang traded Tuesday between RMB 13,670-13,680/mt, a discount of around RMB 55/mt over SHFE 1405 lead contract prices.

SHANGHAI, Apr. 1 (SMM) – In the Shanghai physical lead market, goods from Chihong Zn & Ge and Nanfang traded Tuesday between RMB 13,670-13,680/mt, a discount of around RMB 55/mt over SHFE 1405 lead contract prices. Humon resources were offered at RMB 13,680/mt, but were barely sold, while Shuangyan supply wrapped with iron sheet traded at RMB 13,630/mt. Chihong Zn & Ge and Humon did not move goods on Tuesday, while lead-acid battery producers still had little buying interest due to declines in SHFE lead prices and the absence of banking loans for April. Overall, trading activity was quite light.
 

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