SMM Daily Review - 2012/6/20 Lead Market-Shanghai Metals Market

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SMM Daily Review - 2012/6/20 Lead Market

Price Review & Forecast 08:37:00AM Jun 21, 2012 Source:SMM

SHANGHAI, Jun. 21 (SMM) – On Wednesday, SHFE lead prices reacted mildly to the positive news from the G20 summit to open at RMB 15,050/mt, with prices moving narrowly and finally closing at RMB 15,065/mt, up RMB 60/mt. Trading volumes were down 66 lots to 56 lots, while positions were down 22 lots to 2,156 lots.

In domestic spot markets, dealers were actively moving goods ahead of the Chinese Dragon Boat Festival. Quotations for Nanfang and Shuikoushan were RMB 15,130/mt, with premiums of RMB 60/mt against the most active SHFE lead price. Hanjiang was quoted at RMB 15,070/mt, while Mengzi was quoted at RMB 15,080/mt. Quotations for Shenqian and brands from Gejiu region were between RMB 15,050-15,060/mt. Downstream enterprises were not intended to replenish stocks in large amounts, leaving trading light.
 

Key Words:  SHFE lead   lead price 

SMM Daily Review - 2012/6/20 Lead Market

Price Review & Forecast 08:37:00AM Jun 21, 2012 Source:SMM

SHANGHAI, Jun. 21 (SMM) – On Wednesday, SHFE lead prices reacted mildly to the positive news from the G20 summit to open at RMB 15,050/mt, with prices moving narrowly and finally closing at RMB 15,065/mt, up RMB 60/mt. Trading volumes were down 66 lots to 56 lots, while positions were down 22 lots to 2,156 lots.

In domestic spot markets, dealers were actively moving goods ahead of the Chinese Dragon Boat Festival. Quotations for Nanfang and Shuikoushan were RMB 15,130/mt, with premiums of RMB 60/mt against the most active SHFE lead price. Hanjiang was quoted at RMB 15,070/mt, while Mengzi was quoted at RMB 15,080/mt. Quotations for Shenqian and brands from Gejiu region were between RMB 15,050-15,060/mt. Downstream enterprises were not intended to replenish stocks in large amounts, leaving trading light.
 

Key Words:  SHFE lead   lead price