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SMM Daily Review - 2010/1/11 Lead Market
SHANGHAI, Jan. 12 (SMM) -- On Monday, SMM lifted lead prices by RMB 100/mt to the RMB 16,750-17,050/mt reported last Thursday. Market continued to report mixed views. Lead smelters kept its stance in setting prices firm in the RMB 17,000-17,100/mt, remaining optimistic towards outlook. However, unknown-branded products were traded around RMB 16,600/mt. Downstream producers adopted a wait-and-see attitude once more, and with depressed transactions reported.
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