SMM Daily Review - 2012/1/6 Lead Market-Shanghai Metals Market

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SMM Daily Review - 2012/1/6 Lead Market

SMM Insight 08:51:31AM Jan 09, 2012 Source:SMM

SHANGHAI, Jan. 9 (SMM) -- SHFE lead prices opened slightly lower at RMB 15,225/mt and finally closed at RMB 15,275/mt on Friday. Trading volumes increased by 206 lots to 400 lots, and positions decreased by 2 lots to 1,100 lots.

In domestic spot markets, transactions were not as active as previous days. Downstream buyers only purchased on as-needed basis. Quotations for well-known brands such as Nanfang, Shuikoushan and Yubei were between RMB 15,230-15,250/mt. Quotations for other brands including Hexing were at RMB 15,180/mt. Buyers were cautiously buying goods ahead of weekend.
 

Key Words:  SHFE lead   spot lead   daily review 

SMM Daily Review - 2012/1/6 Lead Market

SMM Insight 08:51:31AM Jan 09, 2012 Source:SMM

SHANGHAI, Jan. 9 (SMM) -- SHFE lead prices opened slightly lower at RMB 15,225/mt and finally closed at RMB 15,275/mt on Friday. Trading volumes increased by 206 lots to 400 lots, and positions decreased by 2 lots to 1,100 lots.

In domestic spot markets, transactions were not as active as previous days. Downstream buyers only purchased on as-needed basis. Quotations for well-known brands such as Nanfang, Shuikoushan and Yubei were between RMB 15,230-15,250/mt. Quotations for other brands including Hexing were at RMB 15,180/mt. Buyers were cautiously buying goods ahead of weekend.
 

Key Words:  SHFE lead   spot lead   daily review