SMM Brief on SHFE Lead Futures (2013-4-17)-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
  • Futures movement
  • Iron ore

SMM Brief on SHFE Lead Futures (2013-4-17)

SMM Insight 03:53:00PM Apr 17, 2013 Source:SMM

SHANGHAI, Apr. 17 (SMM) – SHFE 1306 lead contract price opened higher at RMB 14,070/mt on April with LME lead stabilizing overnight. However, prices were deprived of impetus to rise due to a lack of buying support. Besides, rumors that urbanization conference will not be held as scheduled this month drove the Shanghai Composite Index to fall at midday, so SHFE lead fell below RMB 14,000/mt to close at RMB 13,955/mt, down RMB 80/mt. Trading volumes were down 130 lots to 262 lots, and positions fell 4 lots to 2,128 lots.

Key Words:  SHFE lead price 

SMM Brief on SHFE Lead Futures (2013-4-17)

SMM Insight 03:53:00PM Apr 17, 2013 Source:SMM

SHANGHAI, Apr. 17 (SMM) – SHFE 1306 lead contract price opened higher at RMB 14,070/mt on April with LME lead stabilizing overnight. However, prices were deprived of impetus to rise due to a lack of buying support. Besides, rumors that urbanization conference will not be held as scheduled this month drove the Shanghai Composite Index to fall at midday, so SHFE lead fell below RMB 14,000/mt to close at RMB 13,955/mt, down RMB 80/mt. Trading volumes were down 130 lots to 262 lots, and positions fell 4 lots to 2,128 lots.

Key Words:  SHFE lead price