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Home / Metal News / SHFE Lead Extends Gains as Longs Enter Market (Aug. 13, 2015)

SHFE Lead Extends Gains as Longs Enter Market (Aug. 13, 2015)

Aug 13, 2015 17:25

Source:SMM

Longs for SHFE 1510 lead jumped on Wednesday evening.

SHANGHAI, Aug. 13 (SMM) – Longs for SHFE 1510 lead jumped on Wednesday evening. The contract opened at RMB 13,295/mt and closed up RMB 305/mt at RMB 13,490/mt.

SHFE lead drifted lower to RMB 13,120/mt on Thursday and then ranged between RMB 13,250-13,300/mt. The contract moved higher responding to LME lead near session’s end and finally closed up RMB 245/mt at RMB 13,430/mt. Trading volumes came in at 9,678 lots with positions up 478 to 18,708.

SHFE lead prices

Pb Price

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SHFE 1601 lead will find support from the 20-day moving average and move between RMB 12,600-12,750/mt on Dec. 1.

Dec 1, 2015 09:30

SMM Comments

SHFE Lead Prices down RMB 95/mt (Aug. 31, 2015)

SHFE 1510 lead opened at RMB 13,520/mt for night trading last Friday and once dipped to RMB 13,330/mt.

Aug 31, 2015 18:17

SMM Comments

SMM Lead Market Daily Review (2015-8-27)

SHFE 1510 lead gapped lower at RMB 13,145/mt for night trading Wednesday and then ranged between RMB 13,115-13,275/mt.

Aug 28, 2015 08:42

SMM Comments

SMM Lead Market Daily Review (2015-8-21)

SHFE 1510 lead started Thursday evening session at RMB 13,475/mt and extended day trading rising momentum to RMB 13,860/mt.

Aug 24, 2015 08:59

SMM Comments

SMM Lead Market Daily Review (2015-8-20)

SHFE 1510 lead started at RMB 13,300/mt and once drifted higher to RMB 13,375/mt.

Aug 21, 2015 08:49

SMM Comments

[Pb Price]SHFE Lead Gains 1.91% (Aug. 10, 2015)

SHFE 1510 lead started at RMB 12,765/mt for night trading Friday and touched a low of RMB 12,725/mt.

Aug 10, 2015 17:48

SMM Comments

[Pb Price]LME lead to Move at Lows Next Week

LME lead is predicted to move at lows between $ 1,670-1,730 per tonne next week, SMM lead group reckons.

Aug 7, 2015 16:11

SMM Insight

[Pb Price]What Supports SHFE Lead to Outperform Other Base Metals?

SHFE lead posted a rise of 1.14% as of 11:30 Wednesday morning, compared with limited rallies in other base metals prices. Then, what has lent support to SHFE lead prices?

Aug 5, 2015 16:22

SMM Insight

[Pb Price]SMM Lead Market Morning Review (2015-8-3)

Last Friday evening, LME lead closed down USD 15.5/mt or 0.9% at USD 1,699.5/mt.

Aug 3, 2015 09:41

SMM Comments

[Pb Price] SHFE Lead Stays Range-Bound (Jul. 31, 2105)

SHFE 1510 lead still outperformed LME lead and thus SMM/LME lead price ratio reached 7.6.

Jul 31, 2015 17:40

SMM Comments

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SHFE Lead Extends Gains as Longs Enter Market (Aug. 13, 2015)

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2024 Global Renewable Metal Industry Chain Summit

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