SHFE Lead Trades down (Mar. 29, 2016)

Published: Mar 29, 2016 18:01

Save

SHFE 1605 lead started at RMB 13,575/mt for night trading Monday.

SHANGHAI, Mar. 29 (SMM) – SHFE 1605 lead started at RMB 13,575/mt for night trading Monday and once reached RMB 13,650/mt. The contract fell back after meeting resistance at the 20-day moving average, to end at RMB 13,540/mt, down RMB 10/mt or 0.07%.

SHFE lead narrowly ranged RMB 13,560-13,610 on Tuesday and closed the day at RMB 13,550/mt, down RMB 25/mt or 0.18%. Trading volumes were up 32 to 4,220 lots and positions were down 406 to 18,722.

SHFE 1605 lead should tse support at RMB 13,500/mt this evening.

SHFE lead 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

11 hours ago

Data: SHFE, DCE market movement (Apr 08)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 08 Apr , 2026

11 hours ago

12 hours ago

【SMM Flash News】 Indonesia’s ESDM to Revise Nickel HPM Formula in April to Reflect Market Premiums

Indonesia’s Ministry of Energy and Mineral Resources (ESDM) is finalizing a review of the Nickel Mineral Benchmark Price (HPM) formula, aiming for implementation within April 2026. Director General of Minerals and Coal, Tri Winarno, stated that the current HPM no longer reflects actual transaction values, as it fails to account for the "market premiums" currently paid by smelters. The upcoming revision intends to incorporate these premiums as variables in royalty calculations, ensuring that state revenue accurately captures the full value of nickel sales and shifting the HPM from a mere "floor price" to a more representative market benchmark.

12 hours ago

[SMM Nickel Midday Review] Nickel Prices Fluctuated Upward on April 8 as U.S. and Iran Reached Ceasefire Agreement

12 hours ago