SMM Brief Review - 2012/5/16 SHFE Lead Futures-Shanghai Metals Market

Hot Keywords

  • Air pollution
  • Inventory data
  • Zinc
  • Nickel
  • Market commentary
  • Copper
  • nickel laterite
  • hydrogenation stations
  • Aluminium
  • Nickel ore
  • Futures movement
  • Macroeconomics
  • Production data
  • Morning comments
  • Tin

SMM Brief Review - 2012/5/16 SHFE Lead Futures

SMM Insight 04:17:58PM May 16, 2012 Source:SMM

SHANGHAI, May 16 (SMM) – SHFE lead prices moved around at RMB 15,535/mt Wednesday after opening due to the increasing risk for Greece to exit the euro zone. In the afternoon, SHFE lead prices dropped influenced by the falling domestic stocks and since LME lead prices dipped below USD 2,000/mt, to finally close at RMB 15,255/mt, a new low of the year, down RMB 265/mt from the previous trading day. Trading volumes were down 168 lots to 176 lots, and positions increased by 6 lots to 1,088 lots.

Key Words:  SHFE lead   lead price 

SMM Brief Review - 2012/5/16 SHFE Lead Futures

SMM Insight 04:17:58PM May 16, 2012 Source:SMM

SHANGHAI, May 16 (SMM) – SHFE lead prices moved around at RMB 15,535/mt Wednesday after opening due to the increasing risk for Greece to exit the euro zone. In the afternoon, SHFE lead prices dropped influenced by the falling domestic stocks and since LME lead prices dipped below USD 2,000/mt, to finally close at RMB 15,255/mt, a new low of the year, down RMB 265/mt from the previous trading day. Trading volumes were down 168 lots to 176 lots, and positions increased by 6 lots to 1,088 lots.

Key Words:  SHFE lead   lead price