#1 Lead Price Movement in Shanghai Market (2013-4-18)-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Air pollution
  • Zinc
  • hydrogenation stations
  • Production data
  • Futures movement
  • Aluminium
  • nickel laterite
  • Nickel
  • Market commentary
  • Macroeconomics
  • In the United States
  • Copper
  • Nickel ore
  • Spot copper

#1 Lead Price Movement in Shanghai Market (2013-4-18)

SMM Insight 03:09:51PM Apr 18, 2013 Source:SMM

SHANGHAI, Apr. 18 (SMM) – SHFE lead prices fell as much as 2% on Thursday, and spot lead in China’s domestic markets was quoted higher than futures prices. Smelters rarely made quotations. Chihong Zn & Ge was quoted at RMB 13,570/mt, with spot premiums of RMB 50/mt over the SHFE 1305 lead contract price. Quotes for Shuikoushan and Yubei were between RMB 13,530-13,540/mt, with premiums of RMB 30/mt over the SHFE 1305 lead contract price. Downstream were more reluctant to purchase despite low prices out of fear for further declines, leaving strong wait-and-see mood in the market. Transactions were thus quiet.
 

Key Words:  spot lead price 

#1 Lead Price Movement in Shanghai Market (2013-4-18)

SMM Insight 03:09:51PM Apr 18, 2013 Source:SMM

SHANGHAI, Apr. 18 (SMM) – SHFE lead prices fell as much as 2% on Thursday, and spot lead in China’s domestic markets was quoted higher than futures prices. Smelters rarely made quotations. Chihong Zn & Ge was quoted at RMB 13,570/mt, with spot premiums of RMB 50/mt over the SHFE 1305 lead contract price. Quotes for Shuikoushan and Yubei were between RMB 13,530-13,540/mt, with premiums of RMB 30/mt over the SHFE 1305 lead contract price. Downstream were more reluctant to purchase despite low prices out of fear for further declines, leaving strong wait-and-see mood in the market. Transactions were thus quiet.
 

Key Words:  spot lead price