Metals News
SMM Daily Review - 2010/1/20 Lead Market
smm insight
10:08AM
Jan 21,2010
Source:SMM

SHANGHAI, Jan. 21 (SMM) -- Domestic lead market remained depressed. Lead producers maintained offers firm at RMB 17,000/mt, while downstream producers showed low purchasing interest due to weak end-user demand. Traded prices of low-end products in the market were around RMB 16,600/mt, with limited trading volumes. The price gap between sellers and buyers towards outlook expanded to more than RMB 500/mt. An outside force was needed to break the market deadlock.  

 

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