SMM Lead Market Daily Review (2015-9-18)-Shanghai Metals Market

Hot Keywords

  • Copper
  • Production data
  • Zinc
  • Inventory data
  • Macroeconomics
  • Nickel
  • MMi Iron Ore Port Index
  • Aluminium
  • Sales data
  • trend forecast
  • Operation update
  • Operating rates
  • Futures movement
  • price
  • iron ore

SMM Lead Market Daily Review (2015-9-18)

Price Review & Forecast 08:53:34AM Sep 21, 2015 Source:SMM

SHANGHAI, Sept. 21 (SMM) – SHFE 1511 lead started at RMB 13,300/mt during Thursday evening and then increased, to close at RMB 1,360/mt, up by RMB 15/mt.

SHFE lead moved narrowly in RMB 13,300-13,340/mt before ending at RMB 13,320/mt, losing RMB 25/mt. Trading volumes totaled 2,394 lots and positions grew 190 to 13,312.

Nanfang brand was offered RMB 110/mt above SHFE 1511 lead at RMB 13,420-13,430/mt in Shanghai. Humon and Mengzi brands traded at RMB 13,400/mt, versus RMB 13,350-13,380/mt for Ximai brand and Shuangyan brand (packed in iron).

Shipment of Humon brand lead entered market. SHFE lead prices flat with a day ago and thus traders were unwilling to moved hedged goods to market. Consequently, spot supply tightened in market. High prices curbed purchase by downstream buyers, leaving trades muted. 


SMM Lead Market Daily Review (2015-9-18)

Price Review & Forecast 08:53:34AM Sep 21, 2015 Source:SMM

SHANGHAI, Sept. 21 (SMM) – SHFE 1511 lead started at RMB 13,300/mt during Thursday evening and then increased, to close at RMB 1,360/mt, up by RMB 15/mt.

SHFE lead moved narrowly in RMB 13,300-13,340/mt before ending at RMB 13,320/mt, losing RMB 25/mt. Trading volumes totaled 2,394 lots and positions grew 190 to 13,312.

Nanfang brand was offered RMB 110/mt above SHFE 1511 lead at RMB 13,420-13,430/mt in Shanghai. Humon and Mengzi brands traded at RMB 13,400/mt, versus RMB 13,350-13,380/mt for Ximai brand and Shuangyan brand (packed in iron).

Shipment of Humon brand lead entered market. SHFE lead prices flat with a day ago and thus traders were unwilling to moved hedged goods to market. Consequently, spot supply tightened in market. High prices curbed purchase by downstream buyers, leaving trades muted.