[Pb] CBI Morning Review - 2009/1/20 Lead Market-Shanghai Metals Market

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[Pb] CBI Morning Review - 2009/1/20 Lead Market

Data Analysis 01:16:23PM Dec 07, 2009 Source:SMM

SHANGHAI, Jan. 20 (CBI China) -- LME Market

 

Close

(USD/mt)

Premium/Discount

Vol

(lot)

Position

(lot)

Inventory

(mt)

3-mth Contract

Spot – 3 mth

Dec. Average

969

10

18,154

67,489

45,150

Jan. 19th

1,172

-4.5

21,499

66,362

45,525

Summary

LME lead closed at slightly high with slim transactions and was still in the fluctuated range, the coincidence of the average price system indicated that the price might recover in the market outlook. The domestic lead price was still at RMB 12,800/mt, the spot supply was tight, with interest in purchase for stock replenishment from the downstream enterprises.

 

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

[Pb] CBI Morning Review - 2009/1/20 Lead Market

Data Analysis 01:16:23PM Dec 07, 2009 Source:SMM

SHANGHAI, Jan. 20 (CBI China) -- LME Market

 

Close

(USD/mt)

Premium/Discount

Vol

(lot)

Position

(lot)

Inventory

(mt)

3-mth Contract

Spot – 3 mth

Dec. Average

969

10

18,154

67,489

45,150

Jan. 19th

1,172

-4.5

21,499

66,362

45,525

Summary

LME lead closed at slightly high with slim transactions and was still in the fluctuated range, the coincidence of the average price system indicated that the price might recover in the market outlook. The domestic lead price was still at RMB 12,800/mt, the spot supply was tight, with interest in purchase for stock replenishment from the downstream enterprises.

 

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