SMM Daily Review - 2010/1/6 Lead Market

Jan 7, 2010 10:29

SHANGHAI, Jan. 7 (SMM) -- SMM lifted lead prices by RMB 200/mt to RMB 16,250-16,550/mt on Wednesday, with no prices below RMB 16,000/mt heard in the Shanghai lead market. Traded prices were generally in the RMB 16,300-16,400/mt range, led by strong prices of well-known branded products, and with trades largely done by traders. The actual traded prices soared by RMB 500/mt from a day earlier, and market confidence picked up. Market long positions drove up prices, despite of little downstream acceptance. LME lead prices have rallied to closer to LME zinc prices, while the price spread between lead and zinc prices in the Shanghai market is still around RMB 4,700/mt, leaving upward room to catch up.

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

lead Pb

lead price

LME market

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

SMM Daily Review - 2010/1/6 Lead Market

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025