#1 Lead Price Movement in Shanghai Market (2013-6-21)-Shanghai Metals Market

Hot Keywords

  • Air pollution
  • Inventory data
  • Zinc
  • Copper
  • Nickel
  • Market commentary
  • nickel laterite
  • hydrogenation stations
  • Aluminium
  • Nickel ore
  • Futures movement
  • Macroeconomics
  • Tin
  • Production data
  • Morning comments

#1 Lead Price Movement in Shanghai Market (2013-6-21)

Price Review & Forecast 01:10:49PM Jun 21, 2013 Source:SMM
SHANGHAI, Jun. 21 (SMM) – SHFE 1309 lead contract price edged up after gapping lower on Friday, and spot lead prices fell noticeably. Traders mainly sold down inventories ahead of the weekend, and downstream buyers purchased according to production needs. Most investors were still bearish to lead market. Chihong Zn & Ge was quoted at RMB 13,850/mt, with discount of RMB 110/mt against the most active SHFE lead contract price, but transaction was quiet. Shuikoushan and Nanfang were mainly offered at RMB 13,790/mt, and Hanjiang was offered at RMB 13,780/mt.  
 
Key Words:  spot lead price 

#1 Lead Price Movement in Shanghai Market (2013-6-21)

Price Review & Forecast 01:10:49PM Jun 21, 2013 Source:SMM
SHANGHAI, Jun. 21 (SMM) – SHFE 1309 lead contract price edged up after gapping lower on Friday, and spot lead prices fell noticeably. Traders mainly sold down inventories ahead of the weekend, and downstream buyers purchased according to production needs. Most investors were still bearish to lead market. Chihong Zn & Ge was quoted at RMB 13,850/mt, with discount of RMB 110/mt against the most active SHFE lead contract price, but transaction was quiet. Shuikoushan and Nanfang were mainly offered at RMB 13,790/mt, and Hanjiang was offered at RMB 13,780/mt.  
 
Key Words:  spot lead price