SMM Lead Market Daily Review (2013-11-8)

 

In spot markets, goods of Chihong Zn & Ge were offered at RMB 14,200/mt and traded at RMB 14,180/mt, a discount of RMB 110/mt against the most active SHFE lead contract prices. Nanfang and Dongling were traded at RMB 14,180/mt and RMB 14,150/mt, respectively, while Humon’s resources were sold at RMB 14,130/mt. The market was dominated by bearish sentiment. Smelters were increasingly willing to trade, but downstream producers were not active in purchasing, leaving transactions thin.