SHFE #1 Lead Price Movement on July 5-Shanghai Metals Market

Hot Keywords

  • Silicon
  • Inventory data
  • Nickel
  • Aluminium
  • Copper scrap
  • 铜管/铜管
  • Rare earth
  • MMi Iron Ore Port Index
  • Macroeconomics
  • Market commentary
  • Copper
  • Zinc
  • provisional iron ore export permits
  • Operating rates
  • Nickel ore

SHFE #1 Lead Price Movement on July 5

SMM Insight 02:29:26PM Jul 05, 2012 Source:SMM

SHANGHAI, Jul. 5 (SMM) – On Thursday, SHFE 1210 lead contract fluctuated narrowly after opening. In China’s domestic spot markets, goods supplied by Jinsha fell short, with several cargo holders quoting at RMB 15,100/mt. Shuikoushan and Nanfang were mainly quoted between RMB 15,000-15,020/mt, with spot premiums of RMB 20-30/mt over the most active SHFE lead price. Hanjiang was quoted at RMB 14,960/mt. Quotations from Shenqian and Mengzi were RMB 14,920-14,930/mt. Smelters remained unwilling to move goods, while demand downstream was lower as enterprises had purchased to meet production needs during the past few days, leaving transactions quiet.
 

Key Words:  lead price   spot lead 

SHFE #1 Lead Price Movement on July 5

SMM Insight 02:29:26PM Jul 05, 2012 Source:SMM

SHANGHAI, Jul. 5 (SMM) – On Thursday, SHFE 1210 lead contract fluctuated narrowly after opening. In China’s domestic spot markets, goods supplied by Jinsha fell short, with several cargo holders quoting at RMB 15,100/mt. Shuikoushan and Nanfang were mainly quoted between RMB 15,000-15,020/mt, with spot premiums of RMB 20-30/mt over the most active SHFE lead price. Hanjiang was quoted at RMB 14,960/mt. Quotations from Shenqian and Mengzi were RMB 14,920-14,930/mt. Smelters remained unwilling to move goods, while demand downstream was lower as enterprises had purchased to meet production needs during the past few days, leaving transactions quiet.
 

Key Words:  lead price   spot lead