#1 Lead Price Movement in Shanghai Market (2013-7-2)-Shanghai Metals Market

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#1 Lead Price Movement in Shanghai Market (2013-7-2)

Price Review & Forecast 04:40:10PM Jul 02, 2013 Source:SMM
SHANGHAI, Jul. 2 (SMM) – On Tuesday, transactions in China’s spot lead markets were mainly made for warehouse warrants. Warrants for Tongguan, Wanyang, and Yubei were mainly offered at RMB 13,780-13,790/mt, with premiums of RMB 10-20/mt over SHFE 1307 lead contract price. Hanjiang was quoted at RMB 13,760/mt. Spot lead prices remained weak and were little affected by rising LME lead since consumption downstream remained depressed. Buying interest was still low, leaving trading muted. 
 

 

Key Words:  spot lead market 

#1 Lead Price Movement in Shanghai Market (2013-7-2)

Price Review & Forecast 04:40:10PM Jul 02, 2013 Source:SMM
SHANGHAI, Jul. 2 (SMM) – On Tuesday, transactions in China’s spot lead markets were mainly made for warehouse warrants. Warrants for Tongguan, Wanyang, and Yubei were mainly offered at RMB 13,780-13,790/mt, with premiums of RMB 10-20/mt over SHFE 1307 lead contract price. Hanjiang was quoted at RMB 13,760/mt. Spot lead prices remained weak and were little affected by rising LME lead since consumption downstream remained depressed. Buying interest was still low, leaving trading muted. 
 

 

Key Words:  spot lead market