Metals News
SMM Daily Review - 2011/9/23 Lead Market
price review forecast

SHAGNHAI, Sept. 26 (SMM) -- Last Friday, SHFE 1111 lead contract prices opened lower at RMB 14,810/mt, dragged down by LME lead prices overnight, and then fluctuated around the moving average. In the afternoon, SHFE lead prices dipped to RMB 14,470/mt and closed at that level, down RMB 775/mt, or down 5%. Trading volumes increased by 444 lots to 2,318 lots, and total positions decreased by 118 lots to 2,658 lots.

In domestic spot markets, well-known brands such as Nanfang and Chihong Zn & Ge were quoted between RMB 14,500-14,600/mt, close to SHFE 1110 lead contract prices, with prices around RMB 14,470/mt in the afternoon. Downstream buyers were cautious as they had built stocks at lower prices, and due to pressure from tight cash flow.

For queries, please contact Frank LIU at
For more information on how to access our research reports, please email
Related Price

No Data