Metals News
SMM Lead Market Daily Review (2013-6-14)
price review forecast
Jun 17,2013
SHANGHAI, Jun. 17 (SMM) – LME lead shed nearly 1.5% last night, but SHFE 1306 lead contact was more resilient, which started only RMB 30/mt lower at RMB 13,805/mt on Friday. The most active SHFE lead contract was mired at its opening price for most time of the session, but did inch up RMB 20/mt one hour before the end of the session. Finally, SHFE lead for June delivery ended the day down RMB 30/mt at RMB 13,820/mt, with the settlement price slightly lower at RMB 13,806/mt. Trading volumes were off 18 lots to 46 lots, and positions also contracted 32 lots to 1,782 lots. Investors booked profits by closing positions before the weekend. With spot lead demand remaining anemic and with the Fed’s stance on monetary policy still unclear, SHFE 1306 lead contract should continue to be capped under the 30-day moving average prior to the Fed’s policy meeting due early next week. 
SHFE lead prices were RMB 35/mt lower than yesterday on Friday, while spot lead prices were little unchanged due to anemic trading activity ahead of upcoming weekend. Traded prices for Chihong Zn & Ge and Tongguan were RMB 13,900/mt, RMB 100/mt higher than SHFE 1306 lead contract prices, with traded prices RMB 10/mt lower than quotations. Mengzi was traded at RMB 13,880/mt. Prices for warehouse warrants of Yubei were offered at RMB 13,860/mt, a discount of RMB 40/mt over SHFE 1307 lead contract prices. Transactions were muted in the afternoon.
SHFE lead price
spot lead price
For queries, please contact Frank LIU at
For more information on how to access our research reports, please email
Related Price

No Data