SMM Brief on SHFE Lead Futures (2013-10-29)-Shanghai Metals Market

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SMM Brief on SHFE Lead Futures (2013-10-29)

Price Review & Forecast 05:16:12PM Oct 29, 2013 Source:SMM

SHANGHAI, Oct. 29 (SMM) – The most active SHFE 1312 lead contract prices started a touch higher at RMB 14,445/m on Tuesday, boosted by a rally of LME lead prices overnight. The Shanghai Composite Index extended losses amid worries over China’s tight liquidity, sending SHFE lead prices down to RMB 14,400/mt. Despite this, SHFE metals prices, except copper prices, gained traction later, mirroring a chunk of gains in the European and US trading hours. As a result, SHFE lead prices ended Tuesday at an intraday high of RMB 14,480/mt, up RMB 45/mt. Trading volumes added 86 lots, while positions expanded 136 lots to 11,518 lots.  

 
Key Words:  SHFE lead prices 

Price

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Aluminum Ingot
May.23
14160.0
-60.0
(-0.42%)
Aluminum Ingot - Fo Shan
May.23
14250.0
-60.0
(-0.42%)
Aluminum Ingot - Wu Xi
May.23
14155.0
-50.0
(-0.35%)
Aluminum Ingot - Hang Zhou
May.23
14190.0
-30.0
(-0.21%)
Aluminum Ingot - Chong Qing
May.23
14190.0
-50.0
(-0.35%)

SMM Brief on SHFE Lead Futures (2013-10-29)

Price Review & Forecast 05:16:12PM Oct 29, 2013 Source:SMM

SHANGHAI, Oct. 29 (SMM) – The most active SHFE 1312 lead contract prices started a touch higher at RMB 14,445/m on Tuesday, boosted by a rally of LME lead prices overnight. The Shanghai Composite Index extended losses amid worries over China’s tight liquidity, sending SHFE lead prices down to RMB 14,400/mt. Despite this, SHFE metals prices, except copper prices, gained traction later, mirroring a chunk of gains in the European and US trading hours. As a result, SHFE lead prices ended Tuesday at an intraday high of RMB 14,480/mt, up RMB 45/mt. Trading volumes added 86 lots, while positions expanded 136 lots to 11,518 lots.  

 
Key Words:  SHFE lead prices