SMM Daily Review - 2012/6/5 Lead Market

SMM Insight 09:19:50AM Jun 06, 2012 Source:SMM

SHANGHAI, Jun. 6 (SMM) – On Tuesday, LME was closed, and SHFE lead prices opened higher at RMB 15,040/mt. Prices moved around RMB 15,000/mt and rose to RMB 15,040/mt in the afternoon to finally close at RMB 15,050/mt, up RMB 155/mt, with growth exceeding 1%. Trading volumes fell by 14 lots to 182 lots, while positions were down 38 lots to 2,092 lots.

Well-known brands in domestic spot market, including Nanfang and Chihong Zn & Ge, were quoted between RMB 15,100-15,120/mt, with premiums of RMB 100/mt over the most active SHFE lead price. Brands from Gejiu region were quoted around RMB 15,000/mt. Some enterprises downstream made purchases, and dealers and smelters moved goods moderately, leaving transactions improved from last week.

Key Words:  SHFE lead   lead price 

SMM Daily Review - 2012/6/5 Lead Market

SMM Insight 09:19:50AM Jun 06, 2012 Source:SMM

SHANGHAI, Jun. 6 (SMM) – On Tuesday, LME was closed, and SHFE lead prices opened higher at RMB 15,040/mt. Prices moved around RMB 15,000/mt and rose to RMB 15,040/mt in the afternoon to finally close at RMB 15,050/mt, up RMB 155/mt, with growth exceeding 1%. Trading volumes fell by 14 lots to 182 lots, while positions were down 38 lots to 2,092 lots.

Well-known brands in domestic spot market, including Nanfang and Chihong Zn & Ge, were quoted between RMB 15,100-15,120/mt, with premiums of RMB 100/mt over the most active SHFE lead price. Brands from Gejiu region were quoted around RMB 15,000/mt. Some enterprises downstream made purchases, and dealers and smelters moved goods moderately, leaving transactions improved from last week.

Key Words:  SHFE lead   lead price