Home / Metal News / Shanghai # 1 Refined Lead Movement (Jul. 4, 2011)

Shanghai # 1 Refined Lead Movement (Jul. 4, 2011)

iconJul 4, 2011 15:18
Source:SMM
SHANGHAI, Jul.4 (SMM) – SHFE lead prices rose to break through the 60-day moving average after a higher opening today. In response, lead from the Chihong Zinc and

SHANGHAI, Jul.4 (SMM) – SHFE lead prices rose to break through the 60-day moving average after a higher opening today. In response, lead from the Chihong Zinc and Germanium Company traded at RMB 16,550/mt, with spot discounts at negative RMB 750-850/mt. Smelters are unwilling to sell goods waiting for higher prices, with limited supply of other brands. Traders with bullish sentiment are hoarding goods, slightly improving transaction.


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
 

 

lead Pb

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

SMM Events & Webinars

All