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SHMET Spot Market Briefing 20100607-Lead

 
Shanghai Spot Metal Quote (SHMET) More
Jun 04 2010
Metals Price(RMB/T) Change(RMB) b/c(RMB)
Copper 50000-50200 -3350 c 250/c 100
Aluminum 13840-13880 -690 b 50/b 90
Lead 14000-14200 -350  
1#Zinc 13550-13650 -700 c 230/c 130
0#Zinc 13600-13700 -700 c 180/c 80
Tin 140000-142000 -750  
Nickel 148000-151000 -6000  

Lead
China's spot Lead is quoted from RMB 14000 to 14200 per tonne, decreasing RMB 350 per tonne. In about four years, the euro against the dollar has gone lower below $1.2. The weak Euro was putting dollar to go stronger, as LME metal continued to go down. On the spot market, the purchasing sentiment is very thin and downstream consumers all unwilling to purchase good. The sales is bad.

“ We only have sold more than 80 tonnes of goods at RMB 14000 per tonne today. Except for the operation, downstream consumers are unwilling to purchase or stock cargos.” Some lead trader said to SHMET.

“ All the goods we sold is higher-grade lead, but there are more lower-grade brand lead on the market and the situation is weak, what made the sales thinner. We have only sold less than 70 tonnes of goods in the morning.” Another lead trader said to SHMET. 
 




more analysis please visit at http://en.shmet.com

SHMET History Data for Nickel (from2001 to 2010) please visit at http://en.shmet.com/Data/Data.aspx?metal=3&year=2010

The Most authoritative non-ferrous metals index in China—SHMETX please check: http://en.shmet.com/PriceIndex/Shmetx.aspx

Shanghai Metal Price Index, “SHMETX” for short, reflects non-ferrous metals’ spot prices of Shanghai comprehensively, compiled and published by Shanghai Metals Exchange (“SHMET”). Its characteristics are objective, high-efficiency, professional, authoritative, etc. The average prices of sampling varieties can be the standard of quoting prices and reference inside and outside the industry.

Disclosure: no positions