[Pb] CBI Morning Review - 2008/12/11 Lead Market-Shanghai Metals Market

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[Pb] CBI Morning Review - 2008/12/11 Lead Market

SMM Insight 01:16:23PM Dec 07, 2009 Source:SMM

SHANGHAI, Dec. 11 (CBI China) -- LME Market

 

Close

(USD/mt)

Premium/Discount

Vol

(lot)

Position

(lot)

Inventory

(mt)

3-mth Contract

Spot – 3 mth

Nov. Average

1,298

-8.5

21,400

75,827

41,600

Dec. 10th

1008

-10.5

17,382

75,101

43,825

Summary

LME sentiment improved slightly on Wednesday due to significant progress in the bailout plan in U.S. auto industry. LME lead increased to USD 1000, with slight increase in total volume and in short-covering sentiment. SHFE lead speeds up increasing to RMB 10,000/mt, the production output in the coming week has been scheduled, prices were RMB 9800-9900/mt with the exception of early trading at around RMB 9700/mt, in the afternoon prices were RMB 10,100/mt, with tight market supply.


Copyright © 2008, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040

[Pb] CBI Morning Review - 2008/12/11 Lead Market

SMM Insight 01:16:23PM Dec 07, 2009 Source:SMM

SHANGHAI, Dec. 11 (CBI China) -- LME Market

 

Close

(USD/mt)

Premium/Discount

Vol

(lot)

Position

(lot)

Inventory

(mt)

3-mth Contract

Spot – 3 mth

Nov. Average

1,298

-8.5

21,400

75,827

41,600

Dec. 10th

1008

-10.5

17,382

75,101

43,825

Summary

LME sentiment improved slightly on Wednesday due to significant progress in the bailout plan in U.S. auto industry. LME lead increased to USD 1000, with slight increase in total volume and in short-covering sentiment. SHFE lead speeds up increasing to RMB 10,000/mt, the production output in the coming week has been scheduled, prices were RMB 9800-9900/mt with the exception of early trading at around RMB 9700/mt, in the afternoon prices were RMB 10,100/mt, with tight market supply.


Copyright © 2008, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040