#1 Lead Price Movement in Shanghai Market (2014-4-3)

SHANGHAI, Apr. 3 (SMM) – In the Shanghai physical lead market, goods from Chihong Zn & Ge traded Thursday at RMB 13,670/mt, a discount of RMB 30-40/mt over the SHFE 1405 lead contract price. Humon and Shuangyan resources were sold at RMB 13,650-13,660/mt and RMB 13,640/mt, respectively. Chihong Zn & Ge and Humon moved goods in light volumes, while Nanfang and Chengyuan branded lead was little found in the market. Despite the obtaining of banking loans and restocking demand before the arrival of the Tomb Sweeping day, downstream purchases were restrained by weak SHFE lead prices.