SHFE Lead Grows 0.43% (Mar. 4, 2016)

Mar 4, 2016 19:08

Source:SMM

SHFE lead opened higher at RMB 13,885/mt overnigh before ranging RMB 13,845-13,945/mt, to end at RMB 13,870/mt, up RMB 40/mt or 0.29%.

SHANGHAI, Mar. 4 (SMM) – SHFE lead opened higher at RMB 13,885/mt overnigh before ranging RMB 13,845-13,945/mt, to end at RMB 13,870/mt, up RMB 40/mt or 0.29%.

SHFE lead climbed to RMB 13,950/mt on Friday but later sank to RMB 13,765/mt with longs exiting market, to close at RMB 13,890/mt, a gain of RMB 60/mt or 0.43%. Trading volumes grew 2,082 to 10,946 lots with positions down 1,366 to 17,870.

SHFE 1604 lead will be hard to break through RMB 14,000/mt this evening with positive technical indicators but weak fundamentals.

SHFE lead prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

SHFE Lead Grows 0.43% (Mar. 4, 2016)

SMM Events & Webinars

NET ZERO CHAIN Field Trip

SMM Indonesia Seminar: Li-ion Battery & Energy Storage

SMM LME Metals Seminar 2025