SMM Brief Review - 2012/1/17 SHFE Lead Futures-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Air pollution
  • Market commentary
  • Production data
  • Macroeconomics
  • Zinc
  • Morning comments
  • Futures movement
  • NPI
  • Aluminium
  • Copper
  • Nickel
  • Nickel ore
  • In the United States
  • trade negotiations

SMM Brief Review - 2012/1/17 SHFE Lead Futures

SMM Insight 03:59:32PM Jan 17, 2012 Source:SMM

SHANGHAI, Jan. 17 (SMM) – SHFE lead prices opened RMB 60/mt higher at RMB 15,480/mt on Tuesday and fluctuated widely between RMB 15,470-15,580/mt. After 10: 00 a.m., China’s GDP growth for 4Q was reported above expectations, boosting market sentiment. Thus, SHFE lead prices surged to RMB 15,700/mt along with the rising domestic stocks, and finally closed at RMB 15,630/mt, up RMB 210/mt, or 1.36%. Trading volumes decreased by 2 lots to 366 lots, and positions decreased by 52 lots to 1,982 lots.
 

SMM Brief Review - 2012/1/17 SHFE Lead Futures

SMM Insight 03:59:32PM Jan 17, 2012 Source:SMM

SHANGHAI, Jan. 17 (SMM) – SHFE lead prices opened RMB 60/mt higher at RMB 15,480/mt on Tuesday and fluctuated widely between RMB 15,470-15,580/mt. After 10: 00 a.m., China’s GDP growth for 4Q was reported above expectations, boosting market sentiment. Thus, SHFE lead prices surged to RMB 15,700/mt along with the rising domestic stocks, and finally closed at RMB 15,630/mt, up RMB 210/mt, or 1.36%. Trading volumes decreased by 2 lots to 366 lots, and positions decreased by 52 lots to 1,982 lots.