Metals News
[Pb] Summary - 2009/1/13 Lead Market
data analysis
01:16PM
Dec 7,2009
Source:SMM

SHANGHAI,Jan. 13 (CBI China) -- The latest LME lead inventories increased by 575 mt. In last trading day the inventory in Asia and North America increased, LME lead electronic trading fell following other metals. 

    On Tuesday, domestic lead supply increased with the premise of inquiry from the downstream, SHFE lead prices were above RMB 12,300/mt, while the producers supported the price above RMB 12,500/mt, leading to unimproved transactions. Recently the battery producers frequently proposed the restoration of the tax rebate, and the results should be concerned.

    In addition, today U.S. dollar against RMB is 6.8395.

 

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