SHFE #1 Lead Price Movement on July 10-Shanghai Metals Market

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SHFE #1 Lead Price Movement on July 10

SMM Insight 01:34:05PM Jul 10, 2012 Source:SMM

SHANGHAI, Jul. 10 (SMM) – On Tuesday, the most active SHFE lead price opened slightly higher with negative news digested by the market, buoying spot lead prices. Quotations for Chengyuan and Nanfang were between RMB 15,020-15,030/mt, with spot premiums of RMB 100-110/mt over the most active SHFE lead price. Supply from Nanfang fell short in the market, boosting buying interest. Mengzi and Hanjiang were mainly quoted at RMB 14,950/mt. Quotations for Shenqian and brands from Gejiu region were around RMB 14,930/mt. Smelters were less reluctant to move goods and traders continued holding prices firm. Downstream buyers were not willing to buy noting prices were relatively high, leaving limited transactions made.

Key Words:  lead price   spot lead 

SHFE #1 Lead Price Movement on July 10

SMM Insight 01:34:05PM Jul 10, 2012 Source:SMM

SHANGHAI, Jul. 10 (SMM) – On Tuesday, the most active SHFE lead price opened slightly higher with negative news digested by the market, buoying spot lead prices. Quotations for Chengyuan and Nanfang were between RMB 15,020-15,030/mt, with spot premiums of RMB 100-110/mt over the most active SHFE lead price. Supply from Nanfang fell short in the market, boosting buying interest. Mengzi and Hanjiang were mainly quoted at RMB 14,950/mt. Quotations for Shenqian and brands from Gejiu region were around RMB 14,930/mt. Smelters were less reluctant to move goods and traders continued holding prices firm. Downstream buyers were not willing to buy noting prices were relatively high, leaving limited transactions made.

Key Words:  lead price   spot lead