SMM Brief on SHFE Lead Futures (2013-3-25)_SMM | Shanghai Non ferrous Metals

Compliance Centre Products About Us Contact Us

English

News

Non-ferrous

Non-ferrous

Base metals

Minor metals

Precious metals

Scrap metals

Rare earth

Steel

Steel

Coke Iron Ore Pig Iron Finished Steel Stainless Steel

New Energy

New Energy

Cobalt Lithium Ternary Precursor and Material Chemical compound Lithium ion battery

Price News Publication Database

Events Consulting

More

More

Publication Database Events Consulting SMM APP Compliance Centre About Us SMM Credit Service Contact Us What We Do?

Home / Metal News / Copper / SMM Brief on SHFE Lead Futures (2013-3-25)

SMM Brief on SHFE Lead Futures (2013-3-25)

Mar 25,2013 18:16

CST

price review forecast

Source:SMM

Boosted by LME base metal price hike, SHFE lead prices opened high at RMB 14,540/mt on Monday.

SHANGHAI, Mar. 25 (SMM) – Boosted by LME base metal price hike, SHFE lead prices opened high at RMB 14,540/mt on Monday. During the morning trading session, SHFE lead prices fluctuated narrowly around RMB 14,530/mt, but surged by 11% to RMB 14,530/mt driven by long power. However, Shanghai Composite Index fell slightly, which curbed SHFE lead prices. Finally, LME lead prices closed at RMB 14,585/mt, up RMB 85/mt from a day earlier. Trading volumes reduced by 20 lots to 86 lots. Positions increased by 8 lots to 2,106 lots.

SHFE lead price

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

Data: SHFE, DCE market movement (Mar 20)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on March 20, 2020

time

Mar 20, 2020 15:55 timezone

timezone

CST

Data: SHFE, DCE market movement (Mar 20)

Jiangsu Hongshun’s 200,000 mt secondary aluminium project approved by Jiangsu government

According to a statement by Jiangsu’s ecology and environment department released on February 27, the project, located in Jianhu Shanggang Industrial Park, will be developed in two stages.

time

Mar 20, 2020 14:58 timezone

timezone

CST

Jiangsu Hongshun’s 200,000 mt secondary aluminium project approved by Jiangsu government

Nickel ore inventories at Chinese ports extended decline by 670,000 wmt

Nickel ore inventories across all Chinese ports decreased 670,000 wmt in the week ended March 20 to 10.66 million wmt, compared to a decline of 550,000 wmt in the previous week, showed SMM data.

time

Mar 20, 2020 14:11 timezone

timezone

CST

Nickel ore inventories at Chinese ports extended decline by 670,000 wmt

China manganese production estimated to rise 42% in March

SMM estimates that China’s production of electrolytic manganese to rebound 41.89% from February to 93,000 mt in March, as the daily average supply has exceeded 3,600 mt as of March 19. The increase in supply will likely keep near-term manganese prices subdued as demand in China and overseas has not recovered considerably.

time

Mar 20, 2020 12:29 timezone

timezone

CST

China manganese production estimated to rise 42% in March

China raised export tax rebate on almost 1,500 products, including stainless steel strip and wire

China has increased export tax rebates on almost 1,500 products, including stainless steel strip and wire, to offset the fallout from the fast-spreading COVID-19 pandemic. The Ministry of Finance said on Tuesday that rebate on 1,084 products, including porcelain sanitary ware, would increase to a rate of 13% from Thursday March 20, while another 380 products would see the rebate rise to a rate of 9%.

time

Mar 20, 2020 10:43 timezone

timezone

CST

China raised export tax rebate on almost 1,500 products, including stainless steel strip and wire

SMM Evening Comments (Mar 19): Shanghai base metals fell across the board for the second day amid virus-related sell-off

SHFE nonferrous metals extended declines across the board on Thursday, in a broad sell-off amid renewed fears about the hit to global demand from the coronavirus. Copper fell to its daily limit for the second consecutive day, losing 9% on Thursday, as the metal is seen by investors as a gauge of economic health. Scheduled output controls at some copper mines failed to lend support to the prices.

time

Mar 19, 2020 18:34 timezone

timezone

CST

price review & forecast

SMM Evening Comments (Mar 19): Shanghai base metals fell across the board for the second day amid virus-related sell-off

Spot copper trades muted as panic sentiment spread across the chain

Transactions of spot copper in Shanghai were stagnant on the morning of Thursday March 19 as financial market volatility and worries about the crippling impact of the coronavirus kept consumers on the sidelines.

time

Mar 19, 2020 14:24 timezone

timezone

CST

price review & forecast

Spot copper trades muted as panic sentiment spread across the chain

Increased construction demand lifted profits of rebar above HRC

The higher profits, however, have not prompted steelmakers to shift their molten iron to produce rebar at the expense of HRC, given current greater inventory pressure of rebar and uncertainties around the strength of the price rally. As of March 17, the profit gap has expanded to 126 yuan/mt, up from 10-30 yuan/mt in early March, with the national average prices of rebar rising over 100 yuan/mt in the month to March 17.

time

Mar 19, 2020 10:47 timezone

timezone

CST

Increased construction demand lifted profits of rebar above HRC

Dalian iron ore rose on supply concerns

Dalian iron ore futures rose more than 3% to its highest in nearly eight months in Wednesday afternoon trade, on growing concerns about supply as nations across the world enacted measures to contain the spread of COVID-19 pandemic. The most active iron ore contract on the Dalian Commodity Exchange for May delivery hit an eight-month peak of 692 yuan/mt in afternoon trade, before it erased the majority of those gains.

time

Mar 18, 2020 14:18 timezone

timezone

CST

price review & forecast

Dalian iron ore rose on supply concerns

China steel rebar production fell 2.2% YoY in January-February: NBS

China produced 33.96 million mt of steel rebar in January-February, down 2.2% from a year earlier amid the impact of the coronavirus outbreak, according to the latest data from the National Bureau of Statistics (NBS).

time

Mar 18, 2020 11:10 timezone

timezone

CST

China steel rebar production fell 2.2% YoY in January-February: NBS

Most Read

data analysis

1.Exclusive: China's base metals output in December

industry news

2.The impact on copper and steel sectors as Hebei announced a "state of wartime"

industry news

3.Exclusive- SMM Survey: Impact on metals sectors on Hebei lockdown

price review forecast

4.SMM Morning Comments (Jan 6): Shanghai base metals were mostly higher as investors monitored Chinese tech

price review forecast

5.SMM Morning Comments (Jan 11): Shanghai base metals fell across the board as investors awaited the release of Chinese inflation data for December

China Metals Market

Privacy policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Copyright © 2021 SMM Information & Technology Co, Ltd. All rights reserved.