SMM Comments: Lead Prices Rebounded with Improved Market Transactions

Published: Apr 12, 2022 16:19

Source: SMM

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SMM1# lead prices fell slightly in the early trading. Some smelters held firm to prices and reluctant to sell. Spot prices quoted at premiums.

SHANGHAI, Apr 12(SMM) - SMM1# lead prices fell slightly in the early trading. Some smelters held firm to prices and reluctant to sell. Spot prices quoted at premiums. With low inventory, most traders purchased cautiously. The market transactions have improved compared to yesterday, with more downstream inquiries and purchases on rigid demand. Long-term orders were the main form in Henan. The impact of the pandemic on the transport of raw materials and products lasted, and there were few inquiries for bulk orders. Quotations of Warrants in the market were stable. The delivery of the April contract is approaching. Despite the enthusiasm for delivery in the market, the downstream picked up goods in the surrounding. The growing space of social inventory is expected to be limited.

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