SHFE Lead Prices off 0.15% (Dec. 29, 2015)

Published: Dec 29, 2015 16:56

Save

SHFE 1602 lead started Monday night trading session at RMB 12,940/mt and extended early day’s losses to dip to RMB 12,880/mt.

SHANGHAI, Dec. 29 (SMM) – SHFE 1602 lead started Monday night trading session at RMB 12,940/mt and extended early day’s losses to dip to RMB 12,880/mt. Later the contract bounced back after finding support at the 60-day moving average and closed at RMB 12,975/mt with a loss of RMB 45/mt or 0.35%.

SHFE lead narrowly ranged around RMB 13,000/mt for day trading Tuesday and ended the day at RMB 13,000/mt, down by RMB 20/mt or 0.15%. Trading volumes saw a rise of 1,234 to 8,904 lots and positions grew 52 to 17,644.

SHFE 1602 lead will likely fall below RMB 13,000/mt this evening after slipping below the 60-day moving average.

SHFE lead prices lead prices Pb 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

29 mins ago

Deep-Sea Mining Refining Project Planned for the US; Overnight LME Copper Closed Higher, SHFE Copper Edged Lower [SMM Copper Morning Meeting Summary]

SMM Morning Meeting Summary: Overnight, LME copper opened at $12,223/mt. In early trading, it saw wide swings and climbed to $12,278/mt. Subsequently, the center of copper prices moved straight downward to a low of $12,153.5/mt, before fluctuating widely again and finally closing at $12,195/mt, up 0.44. Trading volume reached 15,300 lots, and open interest stood at 295,000 lots, down 454 lots from the previous trading day. Overnight, the most-traded SHFE copper 2605 contract opened at 96,100 yuan/mt and hit a high of 96,240 yuan/mt in early trading. Subsequently, the center of copper prices gradually moved lower to 95,210 yuan/mt, before fluctuating rangebound and finally closing at 95,350 yuan/mt, down 0.05. Trading volume reached 36,500 lots, and open interest stood at 183,000 lots, down 2,394 lots from the previous trading day, mainly due to bulls reducing positions.

29 mins ago

Uzbekistan Inaugurates New Copper Plant with 60 Million Tons Annual Ore Processing Capacity

A newly built copper processing plant at the Almalyk Mining and Metallurgical Complex in Uzbekistan has been officially inaugurated and put into operation, with an annual ore processing capacity of 60 million tons.

29 mins ago

14 hours ago

JX Metals President: Semiconductor Demand Surges, Plans to Expand Investment in Chip Materials

14 hours ago