Home / Metal News / Nickel / SMM Lead Market Daily Review (2015-5-29)
SMM Lead Market Daily Review (2015-5-29)
Jun 1,2015 09:14CST
SMM Comments
Source:SMM
After SHFE 1507 lead opening Friday trading session, the contract soared to RMB 13,400/mt due to rebounding China’s A-share and shorts’ gathering strength.

SHANGHAI, May 29 (SMM) - After SHFE 1507 lead opening Friday trading session, the contract soared to RMB 13,400/mt due to rebounding China’s A-share and shorts’ gathering strength and finally ended up RMB 60/mt at RMB 13,415/mt.

Lead futures prices rose but spot lead prices remained flat in spot market. Baiyin (packed in plastic), Hanjiang and Shuangyan brands traded at RMB 13,850/mt, a RMB 480/mt premium over SHFE 1507 lead. Shuangyan (packed in iron) and Honglu brands settled at RMB 13,440-13,480/mt.

Lead smelters planed to fill orders next week with goods arriving then. Few downstream producers purchased due to tight liquidity at the end of the month. Thus, trades failed to pick up today.

Spot supply in Henan increased while downstream buyers cut purchase at RMB 13,750-13,850/mt. Besides, deals were made at RMB 13,380-13,500/mt in Guangdong.
 

lead prices
SHFE lead prices
spot lead prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

    timeJan 15, 2021 18:40timezoneCST
    timeJan 15, 2021 18:39timezoneCST
    timeJan 15, 2021 17:38timezoneCST
    timeJan 15, 2021 21:02timezoneCST
    timeJan 15, 2021 20:50timezoneCST
    timeJan 15, 2021 19:41timezoneCST
    timeJan 15, 2021 19:41timezoneCST
    timeJan 15, 2021 19:28timezoneCST
    timeJan 15, 2021 19:17timezoneCST
    timeJan 15, 2021 17:15timezoneCST