SMM Brief Review - 2012/2/16 SHFE Lead Futures-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Market commentary
  • Futures movement
  • Aluminium
  • Inventory data
  • Copper
  • Lead
  • Macroeconomics
  • Evening comments
  • Li-Ion Battery Cathode Material
  • MMi Iron Ore Port Index
  • Morning comments
  • Customs data
  • Silicon
  • scrap copper

SMM Brief Review - 2012/2/16 SHFE Lead Futures

SMM Insight 04:24:12PM Feb 16, 2012 Source:SMM

SHANGHAI, Feb 16 (SMM) – On Thursday, the most active SHFE lead contract price fell after opening lower. In the morning session, prices moved above RMB 15,800/mt but then fell to move between RMB 15,600-15,700/mt due to the decrease in LME lead prices. In the afternoon, SHFE lead prices moved down influenced by domestic stocks and fluctuated around RMB 15,550/mt. At the tail of trading, prices attempted to hit the RMB 15,600/mt mark but met resistance and finally close at RMB 15,530/mt, down RMB 320/mt or 2.01%, surrendering the gains over the past month. Trading volumes increased by 98 lots to 670 lots and positions were up 226 to 1,834 lots.

Key Words:  SHFE lead   lead price 

Price

more
#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 - 2012/2/16 SHFE Lead Futures

SMM Insight 04:24:12PM Feb 16, 2012 Source:SMM

SHANGHAI, Feb 16 (SMM) – On Thursday, the most active SHFE lead contract price fell after opening lower. In the morning session, prices moved above RMB 15,800/mt but then fell to move between RMB 15,600-15,700/mt due to the decrease in LME lead prices. In the afternoon, SHFE lead prices moved down influenced by domestic stocks and fluctuated around RMB 15,550/mt. At the tail of trading, prices attempted to hit the RMB 15,600/mt mark but met resistance and finally close at RMB 15,530/mt, down RMB 320/mt or 2.01%, surrendering the gains over the past month. Trading volumes increased by 98 lots to 670 lots and positions were up 226 to 1,834 lots.

Key Words:  SHFE lead   lead price