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SMM Lead Market Daily Review (2015-3-19)

iconMar 20, 2015 10:24
Source:SMM
The most active SHFE lead contract prices started at RMB 12,065/mt for Wednesday’s night session and touched a low of RMB 11,995/mt to end the session at RMB 12,035/mt.

SHANGHAI, Mar. 20 (SMM) –The most active SHFE lead contract prices started at RMB 12,065/mt for Wednesday’s night session and touched a low of RMB 11,995/mt to end the session at RMB 12,035/mt, down RMB 95/mt..

During the daytime trading Thursday, the May-delivery lead drifted higher as the US dollar index fell, and moved at RMB 12,110-12,150/mt before closing at RMB 12,150/mt, up RMB 20/mt. Trading volumes were 4,312 lots, and positions increased 6 to 15,688.

Prices offers for lead produced by Chihong Zn & Ge were about RMB 12,280-12,300/mt, a premium of RMB 150-180/mt to SHFE 1505 lead contract prices. Chengyuan and Nanfang quoted at RMB 12,250-12,260/mt. Humon and Shuangyan brands were offered at RMB 12,250/mt. Supply in lead market increased, but downstream buyers were cautious following the sharp decline in SHFE lead.  

SHFE lead

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