Japan Official Lead Price Increases to 195,000y/t

Mitsubishi Materials announced on Tuesday that it raised the official lead ingot price by 7,000 yen to 195,000 yen per tonne for domestic shipment in February. The firm revised up the price after 2 weeks. The monthly averaged price is 197,900 yen per tonne.The lead settlement price at London Metal Exchange increased by US$ 6 to US$ 1,245 per tonne on Monday from Friday. The spot price increased further to US$ 1,262 in the afternoon session on the same day.