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SMM Lead Market Daily Review (2015-2-5)

iconFeb 6, 2015 09:04
Source:SMM
Lead for April delivery on the Shanghai Futures Exchange, the most active contract, opened at RMB 12,520/mt.

SHANGHAI, Feb. 6 (SMM) – Lead for April delivery on the Shanghai Futures Exchange, the most active contract, opened at RMB 12,520/mt and then edged down to RMB 12,490/mt before finishing up RMB 15/mt at RMB 12,560/mt in Wednesday’s night session. Trading volumes for the SHFE 1504 lead contract totaled 1,190 lots in the night session.

On Thursday, SHFE lead closed down RMB 40/mt at RMB 12,505/mt. Trading volumes for the most active contract amounted to 2,978 lots, while positions added 546 to 15,758.

Quotations for Chihong Zn & Ge initially were RMB 12,550/mt and later fell to RMB 12,520/mt in Shanghai on Thursday. Traded prices were RMB 12,530/mt for Nanfang and RMB 12,510/mt for Humon. Lead smelters moved goods modestly, while traders became less active. Downstream producers bought lightly due to the upcoming Chinese New Year holiday and high finished-goods inventories.
 

SHFE lead prices
spot lead prices

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