Refined lead imports arrive in China on open arb window

Importers have taken advantage of an open arbitrage to bring some 1,000 tonnes of refined lead ingots into the Shanghai bonded area, sources told Metal Bulletin.

The first batch of lead ingots, with 99.99% lead content, is said to have arrived in Shanghai at the end September and around half of the cargo has already been tested at domestic plants. “This deal is mainly due to a positive arbitrage window because of the low price of these ingots,” a trader resource said. The open arbitrage window means lead imported into China is attracting a profit at present, which unusual for the heavy metal. The most-traded Shanghai Futures Exchange November lead...

Published

Echo Ma

October 12, 2017

10:47 GMT

Shanghai