SHFE 1506 Lead up RMB 115/mt then down by RMB 10/mt (April 15, 2015)

Published: Apr 15, 2015 17:31

Save

The most active SHFE 1506 lead lurched up to RMB 13,190/mt overnight, up RMB 115/mt for growing long positions

SHANGHAI, Apr. 15 (SMM) – The most active SHFE 1506 lead lurched up to RMB 13,190/mt overnight, up RMB 115/mt for growing long positions.

Economic indicators, including March industrial added value, fixed assets investment and Chinese Q1 GDP, were far below expectation, weighing on the June delivery lead prices to RMB 13,080/mt. But later SHFE 1506 lead ended at RMB 13,180/mt, up RMB 105/mt, thanks to expectations for more policy stimulus in China.

Trading volumes totaled 11,186 lots and positions fell 1,052 to 17,790 with short positions falling more than long positions.
.

SHFE lead

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

12 mins ago

High-Grade NPI Prices See Slight Rebound Amid Flat Supply and Low Demand Before Holiday

[SMM Nickel Flash] February 6 - Supply side, market offers were basically flat, with the price center showing a slight increase. Demand side, there was no substantial procurement demand before the holiday, but transactions were difficult to conclude at low prices. Overall, high-grade NPI prices saw a slight rebound, and significant fluctuations are unlikely to continue before the holiday.

12 mins ago

17 mins ago

SMM High-Grade NPI Price Rises to 1,040 Yuan/mtu on Feb 6, Market Sentiment Slightly Down

[SMM Nickel Flash] On February 6, the SMM average price for 10-12% high-grade NPI was 1,040 yuan/mtu (ex-factory, tax included), up 2.5 yuan/mtu MoM from the previous working day. The market sentiment factor for high-grade NPI was 2.06, down 0.04 MoM; the upstream sentiment factor for high-grade NPI was 2.84, down 0.07 MoM; and the downstream sentiment factor for high-grade NPI was 1.28, flat MoM.

17 mins ago

23 hours ago

[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.

Affected by macro sentiment, MHP and high-grade nickel matte prices declined this week.

23 hours ago