Metals News
[Pb] Summary - 2009/1/6 Lead Market
smm insight
01:16PM
Dec 7,2009
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.

 

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