Home / Metal News / #1 Lead Price Movement in Shanghai Market (2014-4-18)

#1 Lead Price Movement in Shanghai Market (2014-4-18)

iconApr 18, 2014 13:16
Source:SMM
In the Shanghai physical lead market, goods from Chihong Zn & Ge, Nanfang, and Chengyuan were offered Friday at RMB 13,820/mt, but traded at RMB 13,800/mt.

SHANGHAI, Apr. 18 (SMM) – In the Shanghai physical lead market, goods from Chihong Zn & Ge, Nanfang, and Chengyuan were offered Friday at RMB 13,820/mt, but traded at RMB 13,800/mt, a RMB 10-30/mt premium to the SHFE 1405 contract. Humon and Shuangyan brands were sold at RMB 13,790/mt and RMB 13,770/mt, respectively. Tight supply in the Shanghai market gave cargo holders an incentive to hold prices firm. Downstream producers, however, mostly sat tight Friday despite restocking demand ahead of the weekend, leaving traded volumes comparatively light.
 

spot lead prices

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

Related news

SMM Events & Webinars

All