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#1 Lead Price Movement in Shanghai Market (2014-4-4)
Apr 4,2014 13:27CST
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Source:SMM
In the Shanghai physical lead market, goods from Chihong Zn & Ge, Nanfang, and Chengyuan traded Friday at RMB 13,680/mt, a discount of around RMB 35/mt over the SHFE 1405 lead contract prices.

SHANGHAI, Apr. 4 (SMM) – In the Shanghai physical lead market, goods from Chihong Zn & Ge, Nanfang, and Chengyuan traded Friday at RMB 13,680/mt, a discount of around RMB 35/mt over the SHFE 1405 lead contract prices. Shuangyan resources were sold at RMB 13,670/mt for steel-plastic supply and RMB 13,630-13,640/mt for iron sheet supply, while Humon traded at RMB 13,660/mt. Supply from Chihong Zn & Ge, Nanfang, and Chengyuan was barely found in the market, with only over 4,000 mt of warrants in Shanghai. Traders were disinclined to move warrant supply, while downstream producers had little interest in building stocks before the Tomb Sweeping Day holiday, with sluggish transactions.
 

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