#1 Lead Price Movement in Shanghai Market (2013-10-10)-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Aluminium
  • Copper scrap
  • Copper
  • Nickel
  • Market commentary
  • price forecast
  • MMi Iron Ore Port Index
  • Lead
  • Evening comments
  • Alumina
  • Stainless steel
  • Steel
  • Morning comments
  • Manganese ore

#1 Lead Price Movement in Shanghai Market (2013-10-10)

Price Review & Forecast 01:16:07PM Oct 10, 2013 Source:SMM

SHANGHAI, Oct. 10 (SMM) – SHFE lead prices held steady on October 10, but spot market was depressed. Goods of Jinsha were traded at RMB 14,050-14,060/mt, with a contango of RMB 50/mt against the most active SHFE lead contract price. Chengyuan was quoted at a backwardation of RMB 50/mt over SHFE 1310 lead contract price, but deals were seldom made. Hanjiang and Mengzi were traded at RMB 14,010/mt, while traded price for Humon was RMB 13,970/mt. Smelters reported rising finished goods stocks following the Chinese National Day holiday. Most smelters increased supplies as they need cash to purchase raw materials. Downstream buyers continued to stay on the sidelines, leaving transactions muted.

 
Key Words:  spot lead price 

#1 Lead Price Movement in Shanghai Market (2013-10-10)

Price Review & Forecast 01:16:07PM Oct 10, 2013 Source:SMM

SHANGHAI, Oct. 10 (SMM) – SHFE lead prices held steady on October 10, but spot market was depressed. Goods of Jinsha were traded at RMB 14,050-14,060/mt, with a contango of RMB 50/mt against the most active SHFE lead contract price. Chengyuan was quoted at a backwardation of RMB 50/mt over SHFE 1310 lead contract price, but deals were seldom made. Hanjiang and Mengzi were traded at RMB 14,010/mt, while traded price for Humon was RMB 13,970/mt. Smelters reported rising finished goods stocks following the Chinese National Day holiday. Most smelters increased supplies as they need cash to purchase raw materials. Downstream buyers continued to stay on the sidelines, leaving transactions muted.

 
Key Words:  spot lead price