SMM Lead Market Daily Review (2015-7-3)

Published: Jul 6, 2015 08:50

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SHFE 1508 lead opened at RMB 13,100/mt during evening session Thursday and closed the session up RMB 80/mt at RMB 13,050/mt.

SHANGHAI, Jul. 6 (SMM) – SHFE 1508 lead opened at RMB 13,100/mt during evening session Thursday and closed the session up RMB 80/mt at RMB 13,050/mt.

The August-delivery lead touched a low of RMB 12,910/mt during Friday trading session and finished the day at RMB 12,955/mt, falling RMB 15/mt or 0.12%.

Tongguan and Nanfang brands quoted RMB 13,230-13,250/mt in Shanghai, RMB 260/mt higher than SHFE 1508 lead, versus RMB 13,170/mt for Ximai brand. Smelters shipped no goods out, causing a shortfall in spot market. Downstream buyers watched from sidelines and mainly purchased under term contract, leaving trading soft.

SHFE lead prices spot nickel prices

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