[Pb Price]SMM Lead Market Daily Review (2015-7-31)

Published: Aug 3, 2015 08:56

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SHFE 1510 lead still outperformed LME lead and thus SMM/LME lead price ratio reached 7.6.

SHANGHAI, Aug. 3 (SMM) – SHFE 1510 lead still outperformed LME lead and thus SMM/LME lead price ratio reached 7.6. SHFE lead dived to RMB 12,930/mt after opening at RMB 13,070/mt for night trading Thursday, to close at RMB 13,010/mt, decreasing RMB 45/mt.

On Friday, SHFE lead remained range-bound between RMB 13,000-13,050/mt, to finally end at RMB 13,000/mt, down by RMB 55/mt. Trading volumes came in at 2,102 lots and positions increased 98 to 16,894.

Nanfang brand quoted RMB 13,280/mt in Shanghai on July 31, a premium of RMB 250/mt over SHFE 1510 lead, compared with RMB 13,260/mt for Humon and Hanjiang brands and RMB 13,150-13,180/mt for Shuangyan brand (packed in iron).

Only Western Mining moved goods and most traders gave their offers. Spot availability was short in market. Downstream buyers mainly bought under term contracts.

SHFE lead prices spot lead prices Pb Price

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