SMM Brief on SHFE Lead Futures (2013-2-8)-Shanghai Metals Market

Hot Keywords

  • Nickel market
  • Market commentary
  • Silicon
  • zinc
  • Aluminium
  • Inventory data
  • Copper
  • Zinc
  • Production data
  • Nickel
  • Sales data
  • Morning comments
  • Stainless steel
  • Silicon metal
  • Nickel pig iron

SMM Brief on SHFE Lead Futures (2013-2-8)

SMM Insight 04:04:52PM Feb 08, 2013 Source:SMM

SHANGHAI, Feb. 8 (SMM) – SHFE lead prices finally stopped falling and began rallying during the last trading day before the Chinese New Year holiday, after the losing streak for four consecutive days. SHFE lead prices marched higher after opening at RMB 15,350/mt, and basically pared the previous trading day's losses, but still with pressure at the 20-day moving average. SHFE lead prices ended at RMB 15,390/mt, a gain of RMB 45/mt. Trading volumes decreased 32 lots to 40 lots, while positions added 8 lots to 2,466 lots.
 

SMM Brief on SHFE Lead Futures (2013-2-8)

SMM Insight 04:04:52PM Feb 08, 2013 Source:SMM

SHANGHAI, Feb. 8 (SMM) – SHFE lead prices finally stopped falling and began rallying during the last trading day before the Chinese New Year holiday, after the losing streak for four consecutive days. SHFE lead prices marched higher after opening at RMB 15,350/mt, and basically pared the previous trading day's losses, but still with pressure at the 20-day moving average. SHFE lead prices ended at RMB 15,390/mt, a gain of RMB 45/mt. Trading volumes decreased 32 lots to 40 lots, while positions added 8 lots to 2,466 lots.