SMM Daily Review - 2010/1/15 Lead Market -Shanghai Metals Market

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SMM Daily Review - 2010/1/15 Lead Market

SMM Insight 11:08:45AM Jan 18, 2010 Source:SMM

SHANGHAI, Jan. 18 (SMM) -- On Friday, the Shanghai lead market remained quiet like a day earlier. Lead producers maintained offers firm at RMB 17,000/mt, and prices inched down after copper prices sank, with traded prices finally reported around RMB 16,900/mt. Unknown-branded products were traded around RMB 16,600/mt. Downstream buying interest failed to be stimulated by strong price gains a week ago and highly-fluctuating lead prices over this week. Moreover, some producers had built stocks with prices under RMB 16,000/mt, leaving low buying interest. As a result, market transactions were mainly among traders, and limited based-on-needed purchasing volume by downstream producers.

 

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

Key Words:  lead Pb  lead price 

SMM Daily Review - 2010/1/15 Lead Market

SMM Insight 11:08:45AM Jan 18, 2010 Source:SMM

SHANGHAI, Jan. 18 (SMM) -- On Friday, the Shanghai lead market remained quiet like a day earlier. Lead producers maintained offers firm at RMB 17,000/mt, and prices inched down after copper prices sank, with traded prices finally reported around RMB 16,900/mt. Unknown-branded products were traded around RMB 16,600/mt. Downstream buying interest failed to be stimulated by strong price gains a week ago and highly-fluctuating lead prices over this week. Moreover, some producers had built stocks with prices under RMB 16,000/mt, leaving low buying interest. As a result, market transactions were mainly among traders, and limited based-on-needed purchasing volume by downstream producers.

 

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

Key Words:  lead Pb  lead price