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SMM Daily Review - 2010/1/15 Lead Market
SHANGHAI, Jan. 18 (SMM) -- On Friday, the Shanghai lead market remained quiet like a day earlier. Lead producers maintained offers firm at RMB 17,000/mt, and prices inched down after copper prices sank, with traded prices finally reported around RMB 16,900/mt. Unknown-branded products were traded around RMB 16,600/mt. Downstream buying interest failed to be stimulated by strong price gains a week ago and highly-fluctuating lead prices over this week. Moreover, some producers had built stocks with prices under RMB 16,000/mt, leaving low buying interest. As a result, market transactions were mainly among traders, and limited based-on-needed purchasing volume by downstream producers.
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