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[Pb Price]SMM Lead Market Daily Review (2015-7-17)
Jul 20,2015 08:57CST
SMM Comments
Source:SMM
SHFE 1509 lead started at RMB 13,045/mt during Thursday evening session and then fluctuated between RMB 13,050-13,130/mt。

SHANGHAI, Jul. 20 (SMM) – SHFE 1509 lead started at RMB 13,045/mt during Thursday evening session and then fluctuated between RMB 13,050-13,130/mt, to finish at RMB 13,080/mt, losing RMB 50/mt.

Today was the delivery day for China stock-index futures including IF1507, IH1507and IC1507, allowing the Shanghai Composite Index to be near 4,000, fueling market confidence. SHFE 1509 lead reached RMB 13,190/mt on Friday but later dropped with longs closing positions, to close at RMB 13,115/mt, falling RMB 15/mt. Trading volumes totaled 3,396 lots with positions down 100 to 12,524.

In spot lead market, Nanfang and Chengyuan brands quoted RMB 13,350/mt, RMB 250/mt higher than SHFE 1509 lead, but few deals were made. Mainstream prices were RMB 13,300-13,340/mt for Hanjiang, Dongling and Humon brands, versus RMB 13,170/mt for Shuangyan brand (packed in iron).

Western Mining only moved a small number of goods and market was filled with lead from traders. Downstream buyers showed little interest in building stocks before weekends. Market thus saw light trades.

 

 

SHFE lead prices
spot lead prices
Pb Price

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