SHFE Lead Trades up RMB 25/mt (Sept. 17, 2015)-Shanghai Metals Market

Hot Keywords

  • Lithium hydroxide
  • Nickel ore
  • Production data
  • LME WEEK 2019
  • 2019 South China Metals Summit
  • Inventory data
  • Copper
  • Market commentary
  • Zinc
  • NPI
  • Sales data
  • Morning comments
  • Macroeconomics
  • iron ore
  • Operation update

SHFE Lead Trades up RMB 25/mt (Sept. 17, 2015)

Price Review & Forecast 05:17:14PM Sep 17, 2015 Source:SMM

SHANGHAI, Sept. 17 (SMM) – SHFE 1511 lead started at RMB 13,330/mt for night trading Wednesday and closed RMB 55/mt higher at RMB 13,365/mt.

SHFE 1511 lead fell to RMB 13,265/mt after the open of Thursday trading session and then found support at the 5 and 10-day moving averages. Near the session’s end, the contract rebounded on short covering, to end at RMB 13,335/mt, up RMB 25/mt or 0.19%. Trading volumes declined 670 to 3,274 lots while positions rose 256 to 13,122.

SHFE lead is expected to move at highs this evening with support emerging at moving averages. Market sentiment should keep wary tonight ahead of the release of the US interest rate meeting minutes. 


Key Words:  SHFE lead prices  lead prices 

Price

more
Aluminum Ingot
Nov.11
14100.0
-130.0
(-0.91%)
Aluminum Ingot - Fo Shan
Nov.11
14020.0
-100.0
(-0.71%)
Aluminum Ingot - Wu Xi
Nov.11
14040.0
-140.0
(-0.99%)
Aluminum Ingot - Hang Zhou
Nov.11
14050.0
-125.0
(-0.88%)
Aluminum Ingot - Chong Qing
Nov.11
14070.0
-90.0
(-0.64%)

SHFE Lead Trades up RMB 25/mt (Sept. 17, 2015)

Price Review & Forecast 05:17:14PM Sep 17, 2015 Source:SMM

SHANGHAI, Sept. 17 (SMM) – SHFE 1511 lead started at RMB 13,330/mt for night trading Wednesday and closed RMB 55/mt higher at RMB 13,365/mt.

SHFE 1511 lead fell to RMB 13,265/mt after the open of Thursday trading session and then found support at the 5 and 10-day moving averages. Near the session’s end, the contract rebounded on short covering, to end at RMB 13,335/mt, up RMB 25/mt or 0.19%. Trading volumes declined 670 to 3,274 lots while positions rose 256 to 13,122.

SHFE lead is expected to move at highs this evening with support emerging at moving averages. Market sentiment should keep wary tonight ahead of the release of the US interest rate meeting minutes. 


Key Words:  SHFE lead prices  lead prices