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SMM Daily Review - 2010/1/4 Lead Market
Jan 5,2010 10:12CST
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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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