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SMM Lead Market Daily Review (2014-6-4)
Jun 5,2014 09:15CST
price review forecast
Source:SMM
The most active SHFE 1407 lead contract started Tuesday's night session at RMB 14,020/mt, and then dipped as low as RMB 13,955/mt before closing up RMB 10/mt at RMB 13,995/mt.

SHANGHAI, Jun. 5 (SMM) – The most active SHFE 1407 lead contract started Tuesday's night session at RMB 14,020/mt, and then dipped as low as RMB 13,955/mt before closing up RMB 10/mt at RMB 13,995/mt. During the night session, traded positions totaled 10 lots, while positions gained 4 lots to 4,752 lots. On Wednesday, SHFE lead prices managed to hover around RMB 13,985/mt during the morning trading session, but fell sharply subsequently to end down RMB 30/mt at RMB 13,955/mt on Wednesday. Traded volumes amounted to 264 lots, while positions shed 320 lots to 4,428 lots.

In the Shanghai physical lead market, goods from Chihong Zn & Ge and Nanfang traded Wednesday at RMB 13,920-13,940/mt, a RMB 50-60/mt discount over the most active SHFE 1407 lead contract. Traded prices were RMB 13,920/mt for Humon resources and RMB 13,900-13,910/mt for Shuangyan and Hanjiang supply. Sufficient lead supply put a dent in prices, sending traded prices down RMB 10-20/mt from quotes, since some lead smelters moved goods normally. Motive power battery producers did not build stocks in large amounts as expected although the seasonally high consumption period draws near.
 

SHFE lead prices
physical lead prices

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