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Home / Metal News / SMM Daily Review - 2011/7/22 Lead Market

SMM Daily Review - 2011/7/22 Lead Market

iconJul 25, 2011 08:55
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.


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