#1 Lead Price Movement in Shanghai Market (2014-4-22)

SHANGHAI, Apr. 22 (SMM) – In the Shanghai physical lead market, goods from Chihong Zn & Ge were offered Tuesday at RMB 13,870/mt, a premium of RMB 50/mt over the most active SHFE 1405 lead contract price. Traded prices were RMB 13,840/mt for Nanfang brand, and RMB 13,820-13,830/mt for Shuangyan, Hanjiang, and Humon resources. Smelters and traders both expressed little selling interest, causing relatively scarce quotations and with traded prices up RMB 10-20/mt from Monday. In the meantime, downstream producers considered present lead prices too high and had lower enthusiasm for purchases, resulting in a significant fall in traded volumes.