[Pb] CBI Morning Review - 2009/1/9Lead Market-Shanghai Metals Market

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[Pb] CBI Morning Review - 2009/1/9Lead Market

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

SHANGHAI, Jan. 9 (CBI China) -- LME Market

 

Close

(USD/mt)

Premium/Discount

Vol

(lot)

Position

(lot)

Inventory

(mt)

3-mth Contract

Spot – 3 mth

Dec. Average

969

10

18,154

67,489

45,150

Jan. 8th

1,130

4.5

33,741

66,193

44,600

Summary

On Thursday, LME lead experienced the slightest decline and closed at less than USD 1,150/mt, the volume increased to above 30,000 lots, the total position continued to decline, the trend of automatic rebound became obvious. The domestic lead prices had a sign of decline, the spot transactions continued to decline, with the trading prices at RMB 12,000/mt at noon. The supply was limited, but the downstream was wait-and-see, and the producers were working on the completion of the orders they received previously.

 

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 - 2009/1/9Lead Market

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

SHANGHAI, Jan. 9 (CBI China) -- LME Market

 

Close

(USD/mt)

Premium/Discount

Vol

(lot)

Position

(lot)

Inventory

(mt)

3-mth Contract

Spot – 3 mth

Dec. Average

969

10

18,154

67,489

45,150

Jan. 8th

1,130

4.5

33,741

66,193

44,600

Summary

On Thursday, LME lead experienced the slightest decline and closed at less than USD 1,150/mt, the volume increased to above 30,000 lots, the total position continued to decline, the trend of automatic rebound became obvious. The domestic lead prices had a sign of decline, the spot transactions continued to decline, with the trading prices at RMB 12,000/mt at noon. The supply was limited, but the downstream was wait-and-see, and the producers were working on the completion of the orders they received previously.

 

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