SMM Lead Market Daily Review (2015-9-29)

Sep 30, 2015 09:54

SHFE 1511 lead contract prices opened at RMB 12,990/mt, with the low-end of the price range RMB 12,940/mt, and closed at RMB 13,085/mt, down RMB 120/mt.

SHANGHAI, Sept. 30 (SMM) –SHFE 1511 lead contract prices opened at RMB 12,990/mt, with the low-end of the price range RMB 12,940/mt, and closed at RMB 13,085/mt, down RMB 120/mt. SHFE 1511 lead contract prices fluctuated between RMB 13,000-13,080/mt after opening on Tuesday, and soared to as high as RMB 13,170/mt as a large number of shorts closed positions, and closed at RMB 13,135/mt, down RMB 70/mt.

Prices of Chengyuan lead were RMB 13,370/mt, with spot discounts of RMB 320/mt against SHFE 1511 lead contract prices. Humon lead prices were RMB 13,350-13,360/mt. Only Humon moved goods yesterday. A large number of traders have left the market, leading to tight supply. Downstream buyers reduced purchases now that they had built stocks.

SHFE lead price

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

SMM Lead Market Daily Review (2015-9-29)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025