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#1 Lead Price Movement in Shanghai Market (2014-4-14)
Apr 14,2014 13:30CST
price review forecast
Source:SMM
In the Shanghai physical lead market, goods from Chihong Zn & Ge traded Monday between RMB 13,750-13,760/mt at discounts of RMB 10-20/mt over the most active SHFE 1405 lead contract price.

SHANGHAI, Apr. 14 (SMM) – In the Shanghai physical lead market, goods from Chihong Zn & Ge traded Monday between RMB 13,750-13,760/mt at discounts of RMB 10-20/mt over the most active SHFE 1405 lead contract price. Traded prices were RMB 13,730-13,750/mt for Nanfang, RMB 13,750/mt for Humon, and RMB 13,730/mt for Shuangyan. Traders were actively purchasing Nanfang resources in a bullish attitude. Some downstream producers ramped up purchases, while others remained in a wait-and-see posture, with trading volumes level with last week.
 

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