Home / Metal News / Aluminium / SMM Daily Review - 2012/1/13 Lead Market
SMM Daily Review - 2012/1/13 Lead Market
Jan 16,2012 08:49CST
smm insight
Source:SMM
SHFE lead prices opened higher at RMB 15,490/mt on Friday and moved between RMB 15,380-15,420/mt in the morning session.

SHANGHAI, Jan. 16 (SMM) – SHFE lead prices opened higher at RMB 15,490/mt on Friday and moved between RMB 15,380-15,420/mt in the morning session. In the afternoon, SHFE lead prices fluctuated upward to the opening prices along with rising LME lead prices and finally closed at RMB 15,490/mt, up RMB 90/mt. Trading volumes increased by 80 lots to 464 lots, and positions increased by 166 lots to 1,886 lots.

In domestic spot markets, quotations for well-known brands such as Nanfang, Chihong Zn & Ge were around RMB 15,400/mt, close to SHFE 1203 lead contract prices. Other brands including Tianma were quoted around RMB 15,300/mt. In the afternoon, quotations were rarely seen. Limited inquiries were reported in the market as downstream enterprises and traders began their holiday. Transactions were relatively quiet.

SHFE lead
lead Pb
lead prices

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

Related news