#1 Lead Price Movement in Shanghai Market (2013-10-15)-Shanghai Metals Market

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#1 Lead Price Movement in Shanghai Market (2013-10-15)

Price Review & Forecast 01:20:23PM Oct 15, 2013 Source:SMM

SHANGHAI, Oct. 14 (SMM) – Despite a RMB 100/mt increase in SHFE lead Tuesday, spot lead prices in Shanghai show no significant rise. Jinsha and Chengyuan were quoted at RMB 14,130-14,150/mt, but traded prices for Jinsha were lower at RMB 14,110-14,120/mt given increasing supplies, with contango against the most active SHFE lead contract price expanding from RMB 60/mt to RMB 120/mt. Price was RMB 14,080/mt for Hanjiang and RMB 14,050/mt for Humon. Transactions improved with as deals between traders picked up, but purchases by downstream buyers remained limited. 

 
 

 

#1 Lead Price Movement in Shanghai Market (2013-10-15)

Price Review & Forecast 01:20:23PM Oct 15, 2013 Source:SMM

SHANGHAI, Oct. 14 (SMM) – Despite a RMB 100/mt increase in SHFE lead Tuesday, spot lead prices in Shanghai show no significant rise. Jinsha and Chengyuan were quoted at RMB 14,130-14,150/mt, but traded prices for Jinsha were lower at RMB 14,110-14,120/mt given increasing supplies, with contango against the most active SHFE lead contract price expanding from RMB 60/mt to RMB 120/mt. Price was RMB 14,080/mt for Hanjiang and RMB 14,050/mt for Humon. Transactions improved with as deals between traders picked up, but purchases by downstream buyers remained limited.