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SMM Daily Review - 2010/1/14 Lead Market
SHANGHAI, Jan. 15 (SMM) -- On Thursday, SMM lifted lead prices by RMB 100/mt to the RMB 16,600-17,000/mt range. Lead smelters showed little interest in moving goods below RMB 17,000/mt, and supply of well-known branded goods circulating across the market mainly came from traders, with deals done in the RMB 16,800-16,900/mt range. Traded prices of unknown products were in the RMB 16,500-16,600/mt range. Downstream purchasing interest was low, leaving no support on prices. Market reported mixed views towards outlook.
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