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Home / Metal News / SMM Lead Market Daily Review (2015-7-3)

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

iconJul 6, 2015 08:50
Source: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.

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

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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