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SMM Daily Review - 2010/1/12 Lead Market
Jan 13,2010 10:26CST
smm insight
Source:SMM

SHANGHAI, Jan. 13 (SMM) -- The low-end of traded prices in the Shanghai market edged down, and market continued to report mixed views. Prices of well-known branded products remained at RMB 17,000/mt, while prices of unknown products dropped to the RMB 16,500-16,550/mt range. Transactions were mainly done by traders, with low buying interest from downstream producers. As a result, support at the RMB 17,000/mt was weak, and will hardly sustain.

 

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