SMM Brief Review - 2012/1/18 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 - 2012/1/18 SHFE Lead Futures

SMM Insight 03:47:58PM Jan 18, 2012 Source:SMM

SHANGHAI, Jan. 18 (SMM) – SHFE lead prices remained at a high level following the surge on previous trading day, and gapped higher at RMB 15,665/mt on Wednesday influenced by the increasing LME lead prices. In the afternoon, SHFE lead prices edged up slightly along with LME copper prices and fluctuated between RMB 15,750-15,810/mt, with prices finally closing at RMB 15,750/mt, up RMB 120/mt. Trading volumes increased by 268 lots to 634 lots, and positions decreased by 46 lots to 1,936 lots.
 

SMM Brief Review - 2012/1/18 SHFE Lead Futures

SMM Insight 03:47:58PM Jan 18, 2012 Source:SMM

SHANGHAI, Jan. 18 (SMM) – SHFE lead prices remained at a high level following the surge on previous trading day, and gapped higher at RMB 15,665/mt on Wednesday influenced by the increasing LME lead prices. In the afternoon, SHFE lead prices edged up slightly along with LME copper prices and fluctuated between RMB 15,750-15,810/mt, with prices finally closing at RMB 15,750/mt, up RMB 120/mt. Trading volumes increased by 268 lots to 634 lots, and positions decreased by 46 lots to 1,936 lots.