Metals News
[Pb] Summary - 2009/1/14 Lead Market
data analysis
01:16PM
Dec 7,2009
Source:SMM

SHANGHAI,Jan. 14 (CBI China) -- The latest LME lead inventories increased by 300 mt. If LME lead price can not reach USD 1,000/mt, it will be hard to have effect on domestic price.  

    On Wednesday, domestic lead price increased to RMB 12,450-12,550/mt due to the pull up of the suppliers, the brands increased slightly in the market, a small number of downstream users made purchase based on their needs, and the volume was similar with yesterday. The average operating rate at producers is low at present, and the supply is still limited. The supplier sentiment on Thursday and Friday should be concerned about.

    In addition, today U.S. dollar against RMB is 6.8399.

 

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