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China See Trades Pick up for Secondary Refined Lead against Volatile SHFE Lead Prices

iconAug 31, 2015 11:39
Source:SMM
Trades for secondary refined lead picked up considerably against volatile SHFE lead prices last week in China, SMM learnt.

SHANGHAI, Aug. 31 (SMM) – Trades for secondary refined lead picked up considerably against volatile SHFE lead prices last week in China, SMM learnt.

SMM #1 lead averaged 13,310 yuan per tonne last week, leaving price gap at 180 yuan per tonne between SMM #1 and secondary refined lead. Therefore, price edge shifted more buyers to secondary refined lead.

Besides, SMM #1 lead price was volatile versus secondary refined lead. Many industrial insiders believed that lead prices will be set for falls. But SHFE lead rallied and spot lead prices also increased. Hence, downstream buyers are in anticipation of further falls in spot lead price, increasing demand for secondary refined lead.

SMM #1 lead supply shortage also helped boost trades for secondary refined lead. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

secondary refined lead price
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For queries, please contact Michael Jiang at michaeljiang@smm.cn

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