SMM Brief Review - 2012/2/13 SHFE Lead Futures-Shanghai Metals Market

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SMM Brief Review - 2012/2/13 SHFE Lead Futures

SMM Insight 05:28:45PM Feb 13, 2012 Source:SMM

SHANGHAI, Feb 13 (SMM) – On Monday, SHFE three-month lead contract price dipped low after opening down at RMB 16,040/mt due to the slump in LME lead prices, but then rose to move around RMB 16,000/mt. In midday, SHFE lead prices edged up to RMB 16,100/mt along with the rising Chinese domestic stocks and LME lead prices but with strong resistance. Prices finally closed at RMB 16,015/mt, down RMB 55/mt. Trading volumes increased by 68 lots to 176 lots, and positions decreased by 106 lots to 1,560 lots.

Key Words:  SHFE lead   lead prices 

Price

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#1 Refined Cu
Apr.22
49450.0
20.0
(0.04%)
Yangshan Copper Premium(Bill of Lading)
Apr.22
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.22
50.5
0.0
(0.00%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.19
67.0
-1.5
(-2.19%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

SMM Brief Review - 2012/2/13 SHFE Lead Futures

SMM Insight 05:28:45PM Feb 13, 2012 Source:SMM

SHANGHAI, Feb 13 (SMM) – On Monday, SHFE three-month lead contract price dipped low after opening down at RMB 16,040/mt due to the slump in LME lead prices, but then rose to move around RMB 16,000/mt. In midday, SHFE lead prices edged up to RMB 16,100/mt along with the rising Chinese domestic stocks and LME lead prices but with strong resistance. Prices finally closed at RMB 16,015/mt, down RMB 55/mt. Trading volumes increased by 68 lots to 176 lots, and positions decreased by 106 lots to 1,560 lots.

Key Words:  SHFE lead   lead prices