Home / Metal News / Nickel / SMM Daily Review - 2012/3/13 Lead Market
SMM Daily Review - 2012/3/13 Lead Market
Mar 14,2012 08:50CST
smm insight
Source:SMM
On Tuesday, SHFE lead prices opened slightly higher at RMB 15,980/mt due to the rising LME lead prices.

SHANGHAI, Mar. 14 (SMM) – On Tuesday, SHFE lead prices opened slightly higher at RMB 15,980/mt due to the rising LME lead prices and gained support at RMB 16,000/mt in the morning to move above the level. In the afternoon, SHFE lead prices moved between RMB 16,030-16,060/mt and finally closed at RMB 16,055/mt, up RMB 115/mt. Traded volumes decreased by 258 lots to 138 lots and positions were up 6 lots to 1,392 lots.

In domestic spot markets, quotations were still rarely reported, brands such as Chihong Zn & Ge and Yubei were quoted between RMB 15,910-15,950/mt, with discounts over SHFE 1205 lead contract price at RMB 60/mt. Quotations for other brands were sparse. Inquiries were frequent but only limited transactions were done. In the afternoon, spot prices remained unchanged and market was even quieter.

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