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SMM Lead Market Daily Review (2014-10-23)
Oct 24,2014 09:18CST
price review forecast
Source:SMM
Lead for December delivery on the Shanghai Futures Exchange, the most active contract, fluctuated between RMB 13,615-13,675/mt during Wednesday’s night session.

SHANGHAI, Oct. 24 (SMM) – Lead for December delivery on the Shanghai Futures Exchange, the most active contract, fluctuated between RMB 13,615-13,675/mt during Wednesday’s night session after opening at RMB 13,670/mt, and ended flat at RMB 13,635/mt.

SHFE lead hovered largely between the 5-day and 10-day moving averages on Thursday, with positions down by 626 lots. Total trading volumes shed by 1,352 lots.

Chihong Zn & Ge, Nanfang, Chengyuan, and Shuangyan brands in Shanghai traded Thursday at RMB 13,650-13,670/mt, a RMB 20/mt premium to the most active SHFE 1412 lead contract. Humon brand was sold at RMB 13,640-13,650/mt. Lead smelters rushed to sell at the end of October, but downstream producers were reluctant to buy with remaining stocks, leaving supply to grow. Trading activity was quiet on Thursday.
 

SHFE lead prices
spot lead prices

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