SHFE #1 Lead Price Movement on September 17-Shanghai Metals Market

Hot Keywords

  • Lithium hydroxide
  • Copper
  • Nickel ore
  • Production data
  • LME WEEK 2019
  • 2019 South China Metals Summit
  • Inventory data
  • Zinc
  • NPI
  • Market commentary
  • Macroeconomics
  • Sales data
  • Morning comments
  • iron ore
  • Operation update

SHFE #1 Lead Price Movement on September 17

SMM Insight 01:25:00PM Sep 17, 2012 Source:SMM

SHANGHAI, Sept. 17 (SMM) – On Monday, SHFE 1211 lead contract become the most traded one and went down due to the declines in A-share. Spot lead prices in China’s domestic markets edged down from the previous trading day. Jinsha was traded at RMB 15,830-15,840/mt, with spot discounts of RMB 330-340/mt.over the most active SHFE lead price. Prices for Hanjiang were around RMB 15,800/mt, while Dongling was traded between RMB 15,740-15,760/mt. Smelters were aggressively moving goods, but downstream buyers were unwilling to purchase fearing prices may fall further. Spot discounts over the SHFE current month lead contract price remained large with SHFE lead prices climbing rapidly recently while spot lead prices showed limited increase due to weak consumption downstream.

 

SHFE #1 Lead Price Movement on September 17

SMM Insight 01:25:00PM Sep 17, 2012 Source:SMM

SHANGHAI, Sept. 17 (SMM) – On Monday, SHFE 1211 lead contract become the most traded one and went down due to the declines in A-share. Spot lead prices in China’s domestic markets edged down from the previous trading day. Jinsha was traded at RMB 15,830-15,840/mt, with spot discounts of RMB 330-340/mt.over the most active SHFE lead price. Prices for Hanjiang were around RMB 15,800/mt, while Dongling was traded between RMB 15,740-15,760/mt. Smelters were aggressively moving goods, but downstream buyers were unwilling to purchase fearing prices may fall further. Spot discounts over the SHFE current month lead contract price remained large with SHFE lead prices climbing rapidly recently while spot lead prices showed limited increase due to weak consumption downstream.