SMM Brief on SHFE Lead Futures (2013-4-22)-Shanghai Metals Market

Hot Keywords

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

SMM Brief on SHFE Lead Futures (2013-4-22)

SMM Insight 04:22:16PM Apr 22, 2013 Source:SMM

SHANGHAI, Apr. 22 (SMM) – SHFE 1306 lead contract price was weighed on at the 5-day moving average after opening at RMB 13,830/mt on Monday. Prices held firm between RMB 13,780-13,800/mt in the morning trading session but fell to RMB 13,670/mt in the afternoon as spot lead demand remained weak and as SHFE copper fell below RMB 50,000/mt. The contract for June delivery finally closed at 13,700/mt, down RMB 165/mt or 1.19%. Traded volumes increased 214 lots to 426 lots, and positions dropped 86 lots to 2,036 lots.

 

Key Words:  SHFE lead price 

SMM Brief on SHFE Lead Futures (2013-4-22)

SMM Insight 04:22:16PM Apr 22, 2013 Source:SMM

SHANGHAI, Apr. 22 (SMM) – SHFE 1306 lead contract price was weighed on at the 5-day moving average after opening at RMB 13,830/mt on Monday. Prices held firm between RMB 13,780-13,800/mt in the morning trading session but fell to RMB 13,670/mt in the afternoon as spot lead demand remained weak and as SHFE copper fell below RMB 50,000/mt. The contract for June delivery finally closed at 13,700/mt, down RMB 165/mt or 1.19%. Traded volumes increased 214 lots to 426 lots, and positions dropped 86 lots to 2,036 lots.

 

Key Words:  SHFE lead price