SMM Lead Market Daily Review (2015-3-17)

SHANGHAI, Mar. 18 (SMM) – The most active SHFE lead contract prices started at RMB 12,260/mt for night session on Monday and fell to RMB 12,200/mt following a climb to RMB 12,280/mt. The prices ended the session at RMB 12,205/mt, down by RMB 40/mt. Positions grew 4 to 16,556, and trading volumes were 936.

The May-delivery lead moved between RMB 12,200-12,220/mt Tuesday morning, but fell noticeably in the afternoon to end the daytime trading down RMB 80/mt at RMB 12,165/mt. Trading volumes were 3,610 lots, and positions declined 372 to 16,180.

Goods of Chihong Zn & Ge was offered at RMB 12,350/mt on Tuesday, a premium of RMB 130/mt to SHFE 1505 lead contract prices. Chengyuan and Nanfang were quoted at RMB 12,320/mt. Humon and Shuangyan brands were quoted at RMB 12,280-12,300/mt. Suppliers from lead smelters remained limited. In downstream markets, SMM understood that electric bike battery sales improved.