SHFE 1507 Lead Grows RMB 80/mt (May 28, 2015)

Published: May 28, 2015 18:21

Save

SHFE 1507 lead opened at RMB 13,260/mt and ended at RMB 13,330/mt Wednesday night.

SHANGHAI, May 28 (SMM) – SHFE 1507 lead opened at RMB 13,260/mt and ended at RMB 13,330/mt Wednesday night.

The contract fluctuated between RMB 13,330-13,370/mt Thursday morning and finished the day at RMB 13,355/mt, up RMB 80/mt. Far-month SHFE lead contracts features falling longs and growing shorts, meaning investors are not optimistic about far-month contracts.

lead prices SHFE lead prices

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

59 mins ago

[SMM Nickel Sulphate Daily Review] March 13 Raw Material Uncertainty Continued, Nickel Salt Prices Edged Up

On March 13, the average price of SMM battery-grade nickel sulphate rose slightly.

59 mins ago

2 hours ago

[SMM Nickel Midday Review] Nickel Prices Rose Slightly on March 13, and the Central Bank Will Continue to Implement a Moderately Accommodative Monetary Policy

2 hours ago

20 hours ago

[SMM Stainless Steel Flash] Fu'an Aims for $246B in Stainless Steel Output by 2026, Advances 600,000-Ton CR Project

According to the Fu'an City Development and Reform Bureau, as outlined in its 2026 economic and social development plan released on March 6, the city is set to continuously consolidate its leading advantage in the stainless steel new materials industry. A key focus for the year is accelerating the construction and implementation of major downstream projects, specifically highlighting Runhengxin's 600,000-ton stainless steel cold-rolling project and a new titanium alloy materials manufacturing industrial park. Through these strategic capacity expansions, Fu'an aims to push the total output value of its stainless steel new materials industry to 246 billion RMB in 2026, targeting a year-on-year growth rate of over 5%.

20 hours ago