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Home / Metal News / [Pb] Summary - 2009/1/6 Lead Market

[Pb] Summary - 2009/1/6 Lead Market

Dec 7, 2009 13:16

Source:SMM

SHANGHAI，Jan. 6 (CBI China) -- The latest LME lead inventories declined by 375 mt. The news Doe Run company cut production caused the market sentiment pursuing for the long, LME lead continue to increase slightly.

Today domestic lead prices continued to rise, with widening price gap between different brands and the trading prices at RMB 12,000-12,500/mt. Some producers will increase prices to RMB 13,000/mt around January 10th. The downstream was wait-and-see, leading slim transactions.

In addition, today U.S. dollar against RMB is 6.8384.

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

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Market movement

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