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

Hot Keywords

  • Copper
  • Production data
  • Zinc
  • Macroeconomics
  • Inventory data
  • MMi Iron Ore Port Index
  • Aluminium
  • Sales data
  • trend forecast
  • Operation update
  • Operating rates
  • iron ore
  • Wanbao Minerals
  • Nickel
  • Market commentary

SHFE #1 Lead Price Movement on September 10

SMM Insight 01:36:32PM Sep 10, 2012 Source:SMM

SHANGHAI, Sept. 10 (SMM) – On Monday, SHFE lead prices gapped higher by nearly RMB 400/mt due to the surge of LME lead prices overnight, but spot lead prices in China’s domestic markets showed limited increase due to weak demand and low buying interest downstream. Nanfang and Chihong Zn & Ge were mainly quoted at RMB 15,540-15,560/mt, with spot discounts over the most active SHFE lead price spiking to RMB 300/mt. Quotations for Hanjiang, and Mengzi were RMB 15,510-15,530/mt, and Shuangyan was quoted at RMB 15,500/mt. Trading was quiet with strong wait-and-see sentiment.

 

Price

more
Aluminum Ingot
Nov.15
13920.0
-10.0
(-0.07%)
Aluminum Ingot - Fo Shan
Nov.15
13870.0
-10.0
(-0.07%)
Aluminum Ingot - Wu Xi
Nov.14
13940.0
35.0
(0.25%)
Aluminum Ingot - Hang Zhou
Nov.14
13960.0
40.0
(0.29%)
Aluminum Ingot - Chong Qing
Nov.14
13900.0
30.0
(0.22%)

SHFE #1 Lead Price Movement on September 10

SMM Insight 01:36:32PM Sep 10, 2012 Source:SMM

SHANGHAI, Sept. 10 (SMM) – On Monday, SHFE lead prices gapped higher by nearly RMB 400/mt due to the surge of LME lead prices overnight, but spot lead prices in China’s domestic markets showed limited increase due to weak demand and low buying interest downstream. Nanfang and Chihong Zn & Ge were mainly quoted at RMB 15,540-15,560/mt, with spot discounts over the most active SHFE lead price spiking to RMB 300/mt. Quotations for Hanjiang, and Mengzi were RMB 15,510-15,530/mt, and Shuangyan was quoted at RMB 15,500/mt. Trading was quiet with strong wait-and-see sentiment.