SMM Brief on SHFE Lead Futures (2013-4-9)-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • Macroeconomics
  • Production data
  • Market commentary
  • Morning comments
  • Aluminium
  • Copper
  • Stainless steel
  • Mengtai Group
  • hydrogen stations
  • Nickel
  • Iron ore
  • Futures movement

SMM Brief on SHFE Lead Futures (2013-4-9)

SMM Insight 04:13:48PM Apr 09, 2013 Source:SMM

SHANGHAI, Apr. 9 (SMM) – SHFE 1306 lead contract price gapped higher at RMB 14,500/mt on Tuesday. China’s CPI for March was reported lower than expected and PPI held steady from February, reflecting easing inflation. Domestic stocks thus rallied to touch a high of 2,234, but failed to give a boost to SHFE lead. The contract for June delivery moved between RMB 14,420-14,470/mt with resistance at the 10-day moving average and support at the 5-day moving average, to finally close at RMB 14,480/mt, up RMB 55/mt from a day earlier. Trading volumes were down 52 lots to 88 lots, while holdings increased 58 lots to 2,124 lots. 

 

Key Words:  SHFE lead price 

SMM Brief on SHFE Lead Futures (2013-4-9)

SMM Insight 04:13:48PM Apr 09, 2013 Source:SMM

SHANGHAI, Apr. 9 (SMM) – SHFE 1306 lead contract price gapped higher at RMB 14,500/mt on Tuesday. China’s CPI for March was reported lower than expected and PPI held steady from February, reflecting easing inflation. Domestic stocks thus rallied to touch a high of 2,234, but failed to give a boost to SHFE lead. The contract for June delivery moved between RMB 14,420-14,470/mt with resistance at the 10-day moving average and support at the 5-day moving average, to finally close at RMB 14,480/mt, up RMB 55/mt from a day earlier. Trading volumes were down 52 lots to 88 lots, while holdings increased 58 lots to 2,124 lots. 

 

Key Words:  SHFE lead price