Home / Metal News / Nickel / SHFE Lead Trades down RMB 145/mt (Dec. 28, 2015)
SHFE Lead Trades down RMB 145/mt (Dec. 28, 2015)
Dec 28,2015 17:26CST
price review forecast
Source:SMM
SHFE 1602 lead started at RMB 13,160/mt for night trading last Friday before ranged between RMB 13,105-13,160/mt to end at RMB 13,155/mt.

SHANGHAI, Dec. 28 (SMM) – SHFE 1602 lead started at RMB 13,160/mt for night trading last Friday before ranged between RMB 13,105-13,160/mt to end at RMB 13,155/mt, up by RMB 50/mt or 0.38%.

SHFE lead dropped quickly to RMB 13,000/mt on Monday and dipped to RMB 12,930/mt before closing at RMB 12,960/mt, off RMB 145/mt or 1.11%. Trading volumes were up 352 to 7,670 lots while positions fell 720 to 17,592.

SHFE 1602 lead finds support at the 20-day moving average currently. Downstream buying interest declines and some motive battery makers cut production, dragging down lead prices. SHFE far-month contract prices are lower than SHFE front-month contract, showing bearish outlook on lead prices. As such, SHFE 1602 lead will stay weak in short term.

 


SHFE lead prices
lead prices
Pb Price

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news