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[Pb Price]SMM Lead Market Daily Review (2015-7-22)
Jul 23,2015 08:51CST
price review forecast
Source:SMM
Stronger dollar, concerns over China’s economy and current off-season for consumption, triggering bearishness in market again.

SHANGHAI, Jul. 23 (SMM) – Stronger dollar, concerns over China’s economy and current off-season for consumption, triggering bearishness in market again. SHFE 1510 lead started at RMB 12,915/mt during Tuesday evening session and lurched down to end at RMB 12,820/mt, down RMB 140/mt.

After starting Wednesday trading session, October lead on the SHFE moved stably around RMB12,800/mt and finished the day at a low of RMB 12,700/mt, slipping RMB 260/mt or 2.01%. Trading volumes totaled 2,634 lots and positions jumped 870 to 14,818.

In Shanghai market, Tongguan and Nanfang brands quoted RMB 13,130-13,180/mt, RMB 370-400/mt higher than SHFE 1510 lead and RMB 50/mt higher than SHFE 1508 lead. Though some offers quoted as high as RMB 13,200/mt, few deals were made.

Traded prices were RMB 13,000-13,020/mt for Shuangyan brand (packed in iron). YT brand lead from Yunnan’s Yunxi Smelter was offered at a premium of RMB 50/mt over SHFE 1508 lead with traded prices at RMB 13,130-13,160/mt.

Lead prices slipped RMB 100/mt July 22. Lead smelters held back sales. Downstream producers purchased some on July 21 and increased purchase at lows July 22. Trades picked up slightly July 22.

 

SHFE lead prices
spot lead prices
Pb Price

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