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SMM Daily Review - 2011/11/22 Lead Market
Nov 23,2011 09:34CST
smm insight
Source:SMM
SHFE lead prices opened slightly lower at RMB 15,205/mt and edged up to RMB 15,350/mt on Tuesday.

SHANGHAI, Nov.23 (SMM)–SHFE lead prices opened slightly lower at RMB 15,205/mt and edged up to RMB 15,350/mt on Tuesday. Prices moved between RMB 15,300-15,350/mt through the day and closed at the intraday high of RMB 15,350/mt. Trading volumes increased by 66 lots to 512 lots, and positions increased by 140 lots to 2,104 lots.

In domestic spot markets, traded prices of well-known domestic brands such as Nanfang and Chinhong Zn & Ge were between RMB 15,370-15,400/mt, with premiums against SHFE 1201 lead contract prices maintaining between RMB 40-50/mt. Traded prices for other brands such as Baiyin were between RMB 15,300-15,320/mt. Smelters were still unwilling to sell goods, while traders showed no intention to stock goods in large amount and purchases were limited among downstream buyers, leaving transactions rather modest.

SHFE lead
domestic spot lead

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