Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Consulting

Home / Metal News / SMM Daily Review - 2011/10/28 Shanghai Gold Markets

SMM Daily Review - 2011/10/28 Shanghai Gold Markets

Oct 28, 2011 16:50

Source:SMM

The most active SHFE 1206 gold contract closed at RMB 358.06/gr, up RMB 2.34/gr or 0.66%, Shanghai Gold Exchange Au9999 spot gold closed at RMB 356.25/gr, up RMB 2.37/gr or 0.67%.

SHANGHAI, Oct. 28 (SMM) – The most active SHFE 1206 gold contract opened RMB 6.28/gr higher on October 28th, and closed at RMB 358.06/gr, up RMB 2.34/gr or 0.66% from the previous trading day. Highest and lowest prices during the day were RMB 362.3/gr and RMB 357.32/gr. Shanghai Gold Exchange (SGE) Au9999 spot gold closed at RMB 356.25/gr, up RMB 2.37/gr or 0.67% from the previous trading day.

Shanghai gold prices opened significantly higher today supported by a surge globally overnight. The metal timed gains during following trading hours, however, amid profit-taking activities and limited investments at the month end. SMM expects gold to remain strong in the short term as fluctuation continues.

gold price

SHFE

SGE

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

LME lead prices may continue to outperform SHFE lead

As the domestic secondary lead smelters cannot purchase raw materials smoothly in the early stage of the implementation of the new value-added tax (VAT) policy on lead-acid battery scrap, the domestic lead prices are expected to move upward supported by the higher costs and expectations for tighter supply. However, the lead consumption market is approaching the traditional off season, the lead ingot inventory increases, and the spot discounts expand.

time

Mar 7, 2022 14:05

LME lead prices may continue to outperform SHFE lead

LME Lead Inventory Dropped to 13-Year Low, SHFE Lead Inventory Rose to One-Month High

Data released by LME shows that the lead inventory across LME-listed warehouses have been falling from the high level of 58,175 mt since November 16, 2021.

time

Mar 4, 2022 10:25

LME Lead Inventory Dropped to 13-Year Low, SHFE Lead Inventory Rose to One-Month High

Stainless Steel Futures Fell 12.2% for Four Trading Days! Prices to Increase amid Production Restrictions

Stainless steel futures entered sharp correction. The most-traded SHFE contract fell sharply after hitting highs on September 23, and closed at 19,690 yuan/mt today. The decline reached 12.2% for four trading days.

time

Sep 29, 2021 18:13

Analysis SMM Comments

Stainless Steel Futures Fell 12.2% for Four Trading Days! Prices to Increase amid Production Restrictions

Zinc Prices to be Flat This Week

The contango of LME cash to the three-month contract maintained at $10/mt. LME zinc prices are expected to stand at $2,960-3,030/mt this week. The most-traded SHFE contracts are expected to stand at 22,000-22,600 yuan/mt this week, spot premiums of Shanghai zinc stood at 180-200 yuan/mt over the October contract.

time

Sep 6, 2021 14:17

Analysis SMM Comments

Zinc Prices to be Flat This Week

Data: SHFE, DCE market movement (May 16)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Wednesday May 16, 2018.

time

May 16, 2018 15:13

Data: SHFE, DCE market movement (May 16)

Data: SHFE, DCE market movement (Apr 20)

The following table shows the movements of ferrous and nonferrous metals on the SHFE and DCE on Friday April 20. 2018.

time

Apr 20, 2018 15:09

Data: SHFE, DCE market movement (Apr 20)

SHFE Releases Amendments to Aluminum Futures Contracts, What’s Influence? SMM Reports

The Shanghai Futures Exchange (SHFE) issued the Announcement on the Issuance of the Amendments to Copper Cathode, Aluminum, Zinc and Lead Futures Contracts.

time

Mar 21, 2017 09:49

SMM Insight Industry

SHFE Approves Jinchuan’s JNMC Copper as Deliverable Brand

The Shanghai Futures Exchange (SHFE) announced it approved Guangxi Jinchuan Nonferrous Metals Co.’s JNMC grade-A copper a deliverable brand, it said on its website.

time

Dec 30, 2016 09:58

Industry Reminder

HKEx and SGE Team Up for New Chinese Gold Contracts

Two major exchanges have teamed up to offer gold and other precious metals contracts in China.

time

Mar 30, 2016 11:51

SHFE Approves 12 Warehouses for Aluminum Delivery

The Shanghai Futures Exchange (SHFE) announced March 1 that it has approved ten warehouses from eight companies for aluminum delivery.

time

Mar 2, 2016 15:31

SMM Events & Webinars

Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia
Jun
18
- 2024 ASEAN Automotive Supply Chain
  Jun 18 - 19,2024
  Pattaya,Thailand

MOST POPULAR

1.China Lithium Market Dynamics and Lithium Procurement Study

2.Battery Recycling Technology Understanding

3.Solid State Battery Market

4. China Scrap Steel Quality Analysis

5.China Scrap Steel Cost Curve

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.