Cargo Holders Intended to Rise Their Prices and The Retail Transactions of Primary Lead Were Still Acceptable

SHANGHAI, Apr 10 (SMM) - The lead prices rebounded last week and the quotations of cargo holders followed up. But the retail transactions were only acceptable. According to SMM research, the prices of reduced lead stood at 14,050-14,150 yuan/mt and the prices in south China were higher than those in north due to supply shortage. The actual prices offered by traders stood at 14,100-14,200 yuan/mt due to the low local freight. In the secondary lead market, the market prices of reduced lead increased intensively following the rising SMM 1# lead prices, but the prices of secondary refined lead increased only slightly. Although the supply of reduced lead was still tight, its prices were still reasonable.