SMM Lead Market Daily Review (2013-1-4)-Shanghai Metals Market

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SMM Lead Market Daily Review (2013-1-4)

Price Review & Forecast 09:09:40AM Jan 05, 2013 Source:SMM

SHANGHAI, Jan. 4 (SMM) –The most active SHFE lead contract price opened RMB 50/mt higher at RMB 15,315/mt on Friday and fell quickly. Given the weak spot lead market, SHFE lead prices hovered between RMB 15,230-15,265/mt with support at the 5-day moving average, and finally closed at RMB 15,250/mt, down RMB 15/mt. Trading volumes were up 200 lots to 402 lots, and positions fell 54 lots to 2,388 lots.

On Friday, investors in China spot lead market were cautious, with quotations for Chihong Zn & Ge and Nanfang were between RMB 14,790-14,800/mt, with spot discounts of RMB 450/mt over the most active SHFE lead contract price, and Chengyuan was quoted at RMB 14,750/mt, while Dongling was mainly quoted at RMB 14,700/mt.

 

Key Words:  SHFE lead prices 

Price

more
SMM #1 Nickel
Oct.21
128600.0
-2400.0
(-1.83%)
#1 JinChuan Nickel
Oct.21
128750.0
-2400.0
(-1.83%)
#1 Import Nickel
Oct.21
128550.0
-2300.0
(-1.76%)
JinChuan B&C
Oct.18
4550.0
1450.0
(46.77%)
Russian nickel premium
Oct.18
4350.0
1400.0
(47.46%)

SMM Lead Market Daily Review (2013-1-4)

Price Review & Forecast 09:09:40AM Jan 05, 2013 Source:SMM

SHANGHAI, Jan. 4 (SMM) –The most active SHFE lead contract price opened RMB 50/mt higher at RMB 15,315/mt on Friday and fell quickly. Given the weak spot lead market, SHFE lead prices hovered between RMB 15,230-15,265/mt with support at the 5-day moving average, and finally closed at RMB 15,250/mt, down RMB 15/mt. Trading volumes were up 200 lots to 402 lots, and positions fell 54 lots to 2,388 lots.

On Friday, investors in China spot lead market were cautious, with quotations for Chihong Zn & Ge and Nanfang were between RMB 14,790-14,800/mt, with spot discounts of RMB 450/mt over the most active SHFE lead contract price, and Chengyuan was quoted at RMB 14,750/mt, while Dongling was mainly quoted at RMB 14,700/mt.

 

Key Words:  SHFE lead prices