SMM Lead Market Daily Review (2013-1-11)-Shanghai Metals Market

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SMM Lead Market Daily Review (2013-1-11)

Price Review & Forecast 08:57:18AM Jan 14, 2013 Source:SMM

SHANGHAI, Jan. 14 (SMM) – The most active SHFE lead contract price started at RMB 15,225/mt on January 11 and moved between RMB 15,190-15,210/mt. In the afternoon, as the Shanghai Composite Index was down 1.78% due to the December’s CPI which staged at seven-month high, SHFE lead prices fell to RMB 15,140/mt before ending at RMB 15,190/mt. Trading volumes were up 36 lots to 172 lots, and positions up 4 lots to 2,202 lots.

Spot lead prices in China did not show significant increase. Chihong Zn & Ge was quoted at RMB 14,800/mt, with spot discounts of RMB 400/mt over the most active SHFE lead contract price. Quotations for Dongling and Mengzi were mainly at RMB 14,700/mt, and those for Hanjiang were around RMB 14,690/mt. Cargo holders moved goods actively and downstream buying interest also improved slightly. However, most buyers still purchased as needed.

 

Price

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SMM #1 Nickel
Oct.18
131000.0
-500.0
(-0.38%)
#1 JinChuan Nickel
Oct.18
131150.0
-450.0
(-0.34%)
#1 Import Nickel
Oct.18
130850.0
-500.0
(-0.38%)
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 (2013-1-11)

Price Review & Forecast 08:57:18AM Jan 14, 2013 Source:SMM

SHANGHAI, Jan. 14 (SMM) – The most active SHFE lead contract price started at RMB 15,225/mt on January 11 and moved between RMB 15,190-15,210/mt. In the afternoon, as the Shanghai Composite Index was down 1.78% due to the December’s CPI which staged at seven-month high, SHFE lead prices fell to RMB 15,140/mt before ending at RMB 15,190/mt. Trading volumes were up 36 lots to 172 lots, and positions up 4 lots to 2,202 lots.

Spot lead prices in China did not show significant increase. Chihong Zn & Ge was quoted at RMB 14,800/mt, with spot discounts of RMB 400/mt over the most active SHFE lead contract price. Quotations for Dongling and Mengzi were mainly at RMB 14,700/mt, and those for Hanjiang were around RMB 14,690/mt. Cargo holders moved goods actively and downstream buying interest also improved slightly. However, most buyers still purchased as needed.