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SMM Daily Review - 2012/3/29 Lead Market
Mar 30,2012 08:54CST
smm insight
Source:SMM
On Thursday, the most active SHFE lead prices moved around RMB 15,450/mt in the morning and fell in the afternoon.

SHANGHAI, Mar. 30 (SMM) – On Thursday, the most active SHFE lead prices moved around RMB 15,450/mt in the morning and fell in the afternoon along with domestic stocks. SHFE lead prices finally closed the day down RMB 175/mt to RMB 15,385/mt. Trading volumes decreased by 36 lots to 496 lots and positions were up 120 lots to 2,400 lots.

Domestic spot prices kept falling. Well-known brands such as Chihong Zn & Ge and Yubei were quoted between RMB 15,640-15,650/mt, and quotations for Dongling and Hanjiang were mainly around RMB 15,620/mt. In the afternoon, quotations for well-known brands remained unchanged at RMB 15,650/mt despite the decline of SHEF lead prices, but brands such as Hanjiang were only quoted at RMB 15,570/mt. Trading was still light. Downstream enterprises were seeking for goods at lower prices as lead prices fell, but traders and smelters were not willing to move goods, leaving transactions quiet.

SHFE lead
lead price
spot lead

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