#1 Lead Price Movement in Shanghai Market (2014-4-30)

SHANGHAI, Apr. 30(SMM) – In the Shanghai physical lead market, goods from Chihong Zn & Ge traded Wednesday at RMB 13,930/mt, a premium of RMB 50/mt over the SHFE 1405 contract. Hanjiang, Shuangyan and Humon resources were sold essentially at RMB 13,900/mt. Lead smelters moved goods in moderate amounts, while downstream producers expressed little buying interest due to mounting inventories, poor orders and the May Day holiday. Traded volumes fell further Wednesday from Tuesday’s levels.