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SMM Lead Market Daily Review (2012-10-12)
Oct 15,2012 09:07CST
price review forecast
Source:SMM
On Friday, SHFE lead prices opened at RMB 15,780/mt and rose to a high of RMB 15,860/mt due to the increase in Chinese stock markets.

SHANGHAI, Oct. 15 (SMM) – On Friday, SHFE lead prices opened at RMB 15,780/mt and rose to a high of RMB 15,860/mt due to the increase in Chinese stock markets. However, SHFE lead prices fell with a lack of upward momentum and fluctuated widely between RMB 15,700-15,740/mt. At the tail of trading, prices gained buying support at RMB 15,720/mt and closed at RMB 15,760/mt, down RMB 40/mt. Trading volumes increased 8 lots to 284 lots, and positions remained unchanged.

Spot lead prices changed little on October 12. Chihong Zn & Ge, Nanfang, and Shuikoushan were mainly quoted at RMB 15,600-15,620/mt, with spot discounts over the most active SHFE lead contract price at RMB 230/mt. Dongling was quoted at RMB 15,560/mt, quotations for Mengzi and Hanjiang were RMB 15,540/mt. Trading was thin ahead of the weekend.

 

SHFE lead prices
spot lead prices

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