Home / Metal News / Precious Metals / SMM Daily Review - 2011/7/22 Lead Market
SMM Daily Review - 2011/7/22 Lead Market
Jul 25,2011 08:55CST
smm insight
Source:SMM
Last Friday, SHFE lead prices mainly fluctuated around daily moving averages

SHANGHAI, Jul. 25 (SMM) – Last Friday, SHFE lead prices mainly fluctuated around daily moving averages, while domestic lead spot prices did not post significant improvements after Thursday’s sharp declines, with spot discounts at negative RMB 450-550/mt. Offers from Nanfang and Chihong were RMB 17,050-17,080/mt, while other brands such as Jinguan and Shuangyan were quoted at RMB 16,950-17,000/mt. Traders were largely optimistic about the future market outlook and showing high interest of purchases for delivery brands. But market supply remained limited, and transactions kept muted. In the afternoon, SHFE lead prices were little changed, and meanwhile, quotations from traders were limited with low market supply.


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 Frank LIU at liuxiaolei@smm.cn

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

MOST POPULAR
data analysis
data analysis
data analysis
data analysis
data analysis