Home / Metal News / Precious Metals / SMM Daily Review - 2012/3/8 Lead Market
SMM Daily Review - 2012/3/8 Lead Market
Mar 9,2012 08:43CST
smm insight
Source:SMM
On Thursday, SHFE 1204 lead contract price opened at RMB 15,700/mt and fluctuated up to move around RMB 15,750/mt.

SHANGHAI, Mar. 9 (SMM) – On Thursday, SHFE 1204 lead contract price opened at RMB 15,700/mt and fluctuated up to move around RMB 15,750/mt. Later, SHFE lead prices moved up due to increasing LME lead prices and finally closed at RMB 15,810/mt, up RMB 145/mt. Traded volumes decreased by 376 lots to 202 lots and positions were down 32 lots to 1,306 lots.

In China’s domestic spot markets, quotation for well-known brands such as Chihong Zn & Ge, Yuguang were around RMB 15,700/mt, with discounts over the most active SHFE lead contract price at RMB 50-80/mt. Other brands were quoted at RMB 15,650/mt. In the afternoon, quotations for Yuguang and Chihong Zn & Ge rose to RMB 15,720-15,730/mt along with SHFE lead prices. Smelters sold goods in limited amounts, and downstream buyers were willing to buy goods at lower prices, with transactions improving in general.

SHFE lead
lead price
daily review

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