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Home / Metal News / [Pb] Summary - 2009/1/14 Lead Market

[Pb] Summary - 2009/1/14 Lead Market

Dec 7, 2009 13:16

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.

Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040

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lead Pb

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Market movement

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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