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Home / Metal News / SHFE #1 Lead Price Movement on August 24

SHFE #1 Lead Price Movement on August 24

Aug 24, 2012 13:53

Source:SMM

Cargo holders in China’s spot lead market were more actively moving goods with SHFE lead prices rising on Friday.

SHANGHAI, Aug. 24 (SMM) – Cargo holders in China’s spot lead market were more actively moving goods with SHFE lead prices rising on Friday. Nanfang and Chihong Zn & Ge were quoted at RMB 15,110-15,120/mt. The decline in SHFE lead prices after 10: 30 in the morning caused spot premiums over the most active SHFE lead price to expand from RMB 0/mt to RMB 30/mt. Quotations for Dongling and Hanjiang were at RMB 15,100/mt and for Shenqian and Yunyue were between RMB 15,050-15,060/mt. Traders reflected insufficient inventories, especially goods from Nanfang, downstream buyers still purchased as needed.

China's spot lead

spot lead prices

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SHFE 1508 lead opened Tuesday evening session at RMB 12,720/mt and hovered between RMB 12,720-12,780/mt, to close at RMB 12,730/mt.

Jun 18, 2015 09:02

SMM Comments

SMM Lead Market Daily Review (2015-6-4)

SHFE 1508 lead started at RMB 13,110/mt during night session Wednesday and touched RMB 13,180/mt, to end down RMB 105/mt at RMB 13,070/mt as longs left market.

Jun 5, 2015 09:03

SMM Comments

SMM Lead Weekly Price Review and Forecast (May 11-15, 2015)

SHFE 1507 lead suffered a sell-off after climbing above RMB 14,000/mt. The contract later dropped back to RMB 13,500/mt as the SMM/LME lead price ratio slipped to 6.45.

May 11, 2015 18:05

SMM Comments

SMM Lead Market Daily Review (2015-2-10)

Lead for April delivery on the Shanghai Futures Exchange, the most active contract edged down RMB 5/mt in Monday’s night session.

Feb 11, 2015 08:55

SMM Comments

SMM Lead Weekly Price Review and Forecast (Feb. 9-13, 2015)

Lead for April delivery on the Shanghai Futures Exchange, the most active contract, fared better than LME lead.

Feb 10, 2015 09:55

SMM Comments

SMM Lead Market Daily Review (2015-2-9)

Lead for April delivery on the Shanghai Futures Exchange, the most active contract, opened at RMB 12,580/mt.

Feb 10, 2015 09:02

SMM Comments

SMM Lead Market Daily Review (2015-2-6)

Lead for April delivery on the Shanghai Futures Exchange, the most active contract, opened at RMB 12,520/mt.

Feb 9, 2015 09:32

SMM Comments

SMM Lead Market Morning Review (2015-2-4)

LME lead is set to continue testing support at the 20-day moving average and at USD 1,840-1,870/mt. The most active SHFE 1504 lead contract is expected to rise to RMB 12,500-12,650/mt.

Feb 4, 2015 09:52

SMM Comments

SMM Lead Market Daily Review (2015-1-21)

Lead for March delivery on the Shanghai Futures Exchange, the most active contract, started at RMB 12,555/mt.

Jan 22, 2015 08:48

SMM Comments

SMM Lead Market Morning Review (2015-1-14)

LME lead is expected to move at USD 1,790-1,830/mt, while the most active SHFE 1503 lead contract is set to hover at RMB 11,950-12,150/mt on Wednesday.

Jan 14, 2015 10:09

SMM Comments

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SHFE #1 Lead Price Movement on August 24

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

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