|Shanghai Spot Metal Quote (SHMET)||More|
|Jun 04 2010|
|Copper||52400-52800||+800||c 100/b 50|
|Aluminum||14380-14420||+100||b 50/b 90|
|1#Zinc||14200-14300||+150||c 95/b 5|
|0#Zinc||14250-14350||+150||c 45/b 55|
China’s spot Lead is quoted from RMB 14300 to 14500 per tonne, up RMB 300 per tonne. During the Chinese traditional Dragon Boat Festival, the trend of LME market was satisfactory and non-ferrous metals have all gone higher, what made domestic spot lead price quoted higher by RMB 300 per tonne than last trading day. The market sentiment is recovering now and the sales is nice.
“ Because we were so worried about near-future market, we haven’t stock much goods then. We are too anxious. The prospect of metal market is still bright. Although the price has jumped up than before, there are many factories come to purchase goods today.” Some lead trader said to SHMET.
“ Downstream consumers are holding bullish attitude to the near-future market, so some factories who have the demand of operation no longer waited and saw. Our trading volume is more than 120 tonnes and the price is at about RMB 14300 to 14400 per tonne.” Another lead trader said to SHMET.
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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.