[Pb] Review of Lead Market Last Week

SHANGHAI, Apr. 13 (CBI China) -- LME lead kept moving in the USD 1,275-1,360/mt range for most of time last week, with unchanged trade volume and position. The total inventories maintained slight declines. However, LME lead soared to USD 1,410/mt on Thursday, up nearly 6%. LME market was closed on Friday, leading to limited upward momentum for domestic lead market.

    Stock buildup failed to improve during Qingming Festival holiday in early last week, and the traded price rose back to RMB 12,400/mt amid improved financial environment after the holiday, but the trade volume failed to recover accordingly. The new arrivals of imported lead and domestic lead supply increases helped ease the tight spot supply in domestic market. In late last week, the uncertain sentiment dominated the market instead of pessimism, with the traded price around RMB 12,700/mt.'

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