#1 Lead Price Movement in Shanghai Market (2013-4-9)-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • hydrogen stations
  • Market commentary
  • Copper
  • thép
  • Production data
  • Aluminium
  • Stainless steel
  • Macroeconomics
  • Morning comments
  • Mengtai Group
  • Lithium
  • Iron ore

#1 Lead Price Movement in Shanghai Market (2013-4-9)

SMM Insight 04:04:15PM Apr 09, 2013 Source:SMM

SHANGHAI, Apr. 9 (SMM) – SHFE lead prices gapped higher on April 9, boosting spot lead prices. Quotations for Chihong Zn & Ge were around RMB 14,270/mt, while those for Nanfang were around RMB 14,250/mt. YT lead was quoted at RMB 14,230/mt, and Tongguan was offered at RMB 14,260/mt, level with SHFE 1304 lead contract price, but deals were made at high prices. Later, as SHFE lead prices drifted down RMB 30/mt, spot lead prices dropped RMB 20/mt. Cargo holders were willing to move goods as SHFE lead prices started higher, but downstream buying interest remained low with strong wait-and-see mood.
 

Key Words:  spot lead price 

#1 Lead Price Movement in Shanghai Market (2013-4-9)

SMM Insight 04:04:15PM Apr 09, 2013 Source:SMM

SHANGHAI, Apr. 9 (SMM) – SHFE lead prices gapped higher on April 9, boosting spot lead prices. Quotations for Chihong Zn & Ge were around RMB 14,270/mt, while those for Nanfang were around RMB 14,250/mt. YT lead was quoted at RMB 14,230/mt, and Tongguan was offered at RMB 14,260/mt, level with SHFE 1304 lead contract price, but deals were made at high prices. Later, as SHFE lead prices drifted down RMB 30/mt, spot lead prices dropped RMB 20/mt. Cargo holders were willing to move goods as SHFE lead prices started higher, but downstream buying interest remained low with strong wait-and-see mood.
 

Key Words:  spot lead price