SMM Daily Review - 2010/1/4 Lead Market -Shanghai Metals Market

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SMM Daily Review - 2010/1/4 Lead Market

SMM Insight 10:12:06AM Jan 05, 2010 Source:SMM

SHANGHAI, Jan. 5 (SMM) -- On Monday, domestic lead market represented similar movements reported at the year end of 2009. After prices touched RMB 16,000/mt, a wait-and-see attitude appeared. The low-end traded prices increased to the RMB 15,700-15,800/mt range, and prices for low-end lead from Yunnan province rallied as well. Offers for well-known branded products were firm. Rising trends of other base metals continued to boost domestic lead market sentiment, but weak downstream demand remained primary reason behind the depressed lead prices. Market transactions were mainly done by traders.

 

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None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

SMM Daily Review - 2010/1/4 Lead Market

SMM Insight 10:12:06AM Jan 05, 2010 Source:SMM

SHANGHAI, Jan. 5 (SMM) -- On Monday, domestic lead market represented similar movements reported at the year end of 2009. After prices touched RMB 16,000/mt, a wait-and-see attitude appeared. The low-end traded prices increased to the RMB 15,700-15,800/mt range, and prices for low-end lead from Yunnan province rallied as well. Offers for well-known branded products were firm. Rising trends of other base metals continued to boost domestic lead market sentiment, but weak downstream demand remained primary reason behind the depressed lead prices. Market transactions were mainly done by traders.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn