Home / Metal News /  / #1 Lead Price Movement in Shanghai Market (2014-4-3)
#1 Lead Price Movement in Shanghai Market (2014-4-3)
Apr 3,2014 14:55CST
price review forecast
Source: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.

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.
 

spot lead prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news