SHFE Lead Prices Trade down by RMB 145/mt (Aug. 14, 2015)

Published: Aug 14, 2015 16:45

Save

SHFE 1510 lead started Thursday evening at RMB 13,310/mt and finally closed down RMB 45/mt at RMB 13,315/mt with the session high at RMB 13,385/mt.

SHANGHAI, Aug. 14 (SMM) – SHFE 1510 lead started Thursday evening at RMB 13,310/mt and finally closed down RMB 45/mt at RMB 13,315/mt with the session high at RMB 13,385/mt.

SHFE lead touched RMB 13,375/mt after the open of Friday trading session but later fell back as the People’s Bank of China said Thursday that there’s no basis for depreciation to persist and that it will step in to control large fluctuations. The contract ended the day at RMB 13,215/mt, down by RMB 145/mt. Trading volumes came in at 4,536 lots with positions down 458 to 18,250.

SHFE lead prices lead price Pb price

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

1 hour ago

Cost Side of the Enamelled Wire Industry Under Pressure

According to SMM, the cost side of the enamelled wire industry has remained under pressure recently. Driven by rising crude oil prices, insulating varnish prices increased by more than 20%, leaving enamelled wire enterprises facing a sharp rise in raw material costs that was difficult to pass on to downstream customers, further squeezing profit margins.

1 hour ago

Weakening Home Appliance Demand Weighed on Both Orders and Operating Rates

This week (March 20–March 26), the operating rate of machines in China’s enamelled wire industry pulled back 0.2 percentage points MoM to 88.73%. Affected by weakening home appliance demand and fluctuations in copper prices, new orders this week pulled back 11.19 percentage points MoM, downstream pick-up of goods slowed down, finished product inventories edged up to 7.47 days, and enterprises were generally concerned about the order outlook for April.

1 hour ago

2 hours ago

The Most-Traded SHFE Tin Contract Rebounded in Volatile Trading After Opening Sharply Lower in the Night Session, While Trading in the Spot Market Remained Relatively Sluggish [SMM Tin Morning Brief]

[SMM Tin Morning Briefing: The Most-Traded SHFE Tin Contract Opened Sharply Lower in the Night Session and Then Rebounded in Volatile Trading, While Trading in the Spot Market Remained Subdued]

2 hours ago