Overall Lead Prices Fluctuated Upwards and The Reduced Lead Prices Remained Stable

SHANGHAI, Mar 22 (SMM) - In the first half of last week, lead prices fluctuated within a narrow range. The average price of SMM secondary lead rose 50 yuan/mt, and the spot prices of cargo holders increased to 14,000-14,100 yuan/mt. Downstream enterprises were more willing to purchase low-priced goods on rigid demand. As such, the regional supply difference of reduced lead still existed. Lead prices continued to increase and the SMM secondary lead rose 25 yuan/mt. But the prices offered by some cargo holders remained flat compared with the first half of last week, and the quotations of downstream enterprises reached 14,050-14,150 yuan/mt. Therefore, the transactions of small orders were moderate. In the second half of last week, the lead prices rose significantly due to favourable macro factors and fundamentals.