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SHMET Spot Market Briefing 20100617-Lead

Shanghai Spot Metal Quote (SHMET) More
Jun 04 2010
Metals Price(RMB/T) Change(RMB) b/c(RMB)
Copper 52400-52800 +800 c 100/b 50
Aluminum 14380-14420 +100 b 50/b 90
Lead 14300-14500 +300  
1#Zinc 14200-14300 +150 c 95/b 5
0#Zinc 14250-14350 +150 c 45/b 55
Tin 137500-139500 +500  
Nickel 157000-157500 +5000  

 Lead
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.
 




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

SHMET History Data for the metal (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.