SMM Brief on SHFE Lead Futures (2013-1-29)-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Air pollution
  • Macroeconomics
  • Production data
  • Zinc
  • Futures movement
  • Aluminium
  • hydrogenation stations
  • Nickel
  • Copper
  • nickel laterite
  • In the United States
  • Morning comments
  • Nickel ore
  • NPI

SMM Brief on SHFE Lead Futures (2013-1-29)

SMM Insight 05:24:09PM Jan 29, 2013 Source:SMM

SHANGHAI, Jan. 29 (SMM) – Although domestic stock markets kept rising on January 29, the weak demand in spot lead market and wait-and-see sentiment ahead of the Chinese New Year caused the most active SHFE lead contract price to move around RMB 15,260/mt after opening at RMB 15,245/mt. Being slow in increasing compared with LME lead prices, SHFE lead prices finally ended the day at RMB 15,280/mt. Trading volumes increased 66 lots to 136 lots, while positions were down 28 lots to 2,272 lots.

 

Key Words:  SHFE lead prices 

SMM Brief on SHFE Lead Futures (2013-1-29)

SMM Insight 05:24:09PM Jan 29, 2013 Source:SMM

SHANGHAI, Jan. 29 (SMM) – Although domestic stock markets kept rising on January 29, the weak demand in spot lead market and wait-and-see sentiment ahead of the Chinese New Year caused the most active SHFE lead contract price to move around RMB 15,260/mt after opening at RMB 15,245/mt. Being slow in increasing compared with LME lead prices, SHFE lead prices finally ended the day at RMB 15,280/mt. Trading volumes increased 66 lots to 136 lots, while positions were down 28 lots to 2,272 lots.

 

Key Words:  SHFE lead prices