[Pb Price]SMM Lead Market Daily Review (2015-8-5)-Shanghai Metals Market

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[Pb Price]SMM Lead Market Daily Review (2015-8-5)

Price Review & Forecast 08:51:20AM Aug 06, 2015 Source:SMM

SHANGHAI, Aug. 6 (SMM) – For night trading Tuesday, SHFE 1510 lead ended RMB 185 higher at RMB 12,945/mt.

SHFE lead remained range-bound between RMB 12,900-12,940/mt during Wednesday trading session and finally closed at RMB 12,920/mt, jumping RMB 160/mt. Trading volumes were 4,262 lots. Positions grew 456 to 17,806.

Traded prices were RMB 13,220-13,230/mt for Nanfang brand in Shanghai, RMB 310/mt higher than SHFE 1510 lead. Hanjiang and Humon brands quoted RMB 13,200-13,220/mt and RMB 13,170/mt for Jinyuteng brand.

Lead smelters were active to sell after Wednesday’s lead price hikes. Nanfang, Hanjiang and Humon brand goods all flowed into market. However, wait-and-see posture overshadowed downstream market. Only a small number of buyers purchased as usual. As a whole, trades were weaker than Tuesday.

Price

more
Aluminum Ingot
Oct.21
13960.0
-40.0
(-0.29%)
Aluminum Ingot - Fo Shan
Oct.21
13920.0
-40.0
(-0.29%)
Aluminum Ingot - Wu Xi
Oct.18
14000.0
20.0
(0.14%)
Aluminum Ingot - Hang Zhou
Oct.18
14040.0
55.0
(0.39%)
Aluminum Ingot - Chong Qing
Oct.18
13980.0
60.0
(0.43%)

[Pb Price]SMM Lead Market Daily Review (2015-8-5)

Price Review & Forecast 08:51:20AM Aug 06, 2015 Source:SMM

SHANGHAI, Aug. 6 (SMM) – For night trading Tuesday, SHFE 1510 lead ended RMB 185 higher at RMB 12,945/mt.

SHFE lead remained range-bound between RMB 12,900-12,940/mt during Wednesday trading session and finally closed at RMB 12,920/mt, jumping RMB 160/mt. Trading volumes were 4,262 lots. Positions grew 456 to 17,806.

Traded prices were RMB 13,220-13,230/mt for Nanfang brand in Shanghai, RMB 310/mt higher than SHFE 1510 lead. Hanjiang and Humon brands quoted RMB 13,200-13,220/mt and RMB 13,170/mt for Jinyuteng brand.

Lead smelters were active to sell after Wednesday’s lead price hikes. Nanfang, Hanjiang and Humon brand goods all flowed into market. However, wait-and-see posture overshadowed downstream market. Only a small number of buyers purchased as usual. As a whole, trades were weaker than Tuesday.