#1 Lead Price Movement in Shanghai Market (2013-12-2)-Shanghai Metals Market

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#1 Lead Price Movement in Shanghai Market (2013-12-2)

Price Review & Forecast 02:40:41PM Dec 02, 2013 Source:SMM

SHANGHAI, Dec. 2 (SMM) – In China’s spot lead market, goods of Chihong Zn & Ge were traded between RMB 13,870-13,880/mt, a discount of RMB 30/mt over the most active SHFE lead prices on Monday. Nanfang, Chengyuan and Tongguan resources were sold in a range of RMB 13,830-13,840/mt, while Humon was traded at RMB 13,810/mt. Transactions picked up a bit since tight cash flows eased slightly early December. Downstream producers, however, continued to purchase on an as-needed basis on a view that spot lead prices are unlikely to rise. 

 
Key Words:  spot lead prices  

Price

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#1 Refined Cu
Apr.19
49430.0
-170.0
(-0.34%)
Yangshan Copper Premium(Bill of Lading)
Apr.19
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.19
50.5
0.0
(0.00%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.19
67.0
-1.5
(-2.19%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

#1 Lead Price Movement in Shanghai Market (2013-12-2)

Price Review & Forecast 02:40:41PM Dec 02, 2013 Source:SMM

SHANGHAI, Dec. 2 (SMM) – In China’s spot lead market, goods of Chihong Zn & Ge were traded between RMB 13,870-13,880/mt, a discount of RMB 30/mt over the most active SHFE lead prices on Monday. Nanfang, Chengyuan and Tongguan resources were sold in a range of RMB 13,830-13,840/mt, while Humon was traded at RMB 13,810/mt. Transactions picked up a bit since tight cash flows eased slightly early December. Downstream producers, however, continued to purchase on an as-needed basis on a view that spot lead prices are unlikely to rise. 

 
Key Words:  spot lead prices