SHANGHAI, May 3 (SMM) – SHFE 1606 lead started at RMB 13,245/mt on Tuesday and then ranged around RMB 13,250/mt. In the afternoon business, the contract moved higher to RMB 13,370/mt due to firmer Japanese yen and weaker dollar and closed at RMB 13,365/mt, up by RMB 210/mt or 1.6%. Trading volumes were 6,482 lots and positions reduced 640 to 15,834.
SHFE Lead Ends Up (May 3, 2016)
SHFE 1606 lead started at RMB 13,245/mt on Tuesday and then ranged around RMB 13,250/mt.
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
![Macro Sentiment Wavered, BC Copper Closed Flat After Wide Intraday Swings [SMM BC Copper Commentary]](https://imgqn.smm.cn/usercenter/GfvuY20251217171708.jpg)
3 hours ago
Macro Sentiment Wavered, BC Copper Closed Flat After Wide Intraday Swings [SMM BC Copper Commentary]
Read More
Macro Sentiment Wavered, BC Copper Closed Flat After Wide Intraday Swings [SMM BC Copper Commentary]
3 hours ago
4 hours ago
South Korea to Exempt Tariffs on Overseas-Sourced Critical Minerals
Read More
South Korea to Exempt Tariffs on Overseas-Sourced Critical Minerals
On the 25th, it was confirmed that the South Korean government will exempt tariffs of 3–8% on critical minerals such as lithium, graphite, and rare earth elements when domestically owned companies directly produce and import them from overseas.
The Ministry of Trade, Industry and Energy has pre-announced a new regulation outlining tariff exemptions for overseas resource development projects. Under the policy, a total of 14 critical minerals—including lithium, graphite, nickel, cobalt, manganese, copper, zinc, and rare earth elements such as lanthanum, cerium, neodymium, terbium, dysprosium, yttrium, and scandium—will be eligible for duty exemption when brought into the country.
The regulation is set to take effect on April 3.
4 hours ago
6 hours ago
Data: SHFE, DCE market movement (Mar 26)
Read More
Data: SHFE, DCE market movement (Mar 26)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 26 Mar , 2026
6 hours ago
Related News
Macro Sentiment Wavered, BC Copper Closed Flat After Wide Intraday Swings [SMM BC Copper Commentary]
Mar 26, 2026 18:09
South Korea to Exempt Tariffs on Overseas-Sourced Critical Minerals
Mar 26, 2026 17:38
Data: SHFE, DCE market movement (Mar 26)
Mar 26, 2026 15:56
Supply Constraints and Increased Demand Continued to Drive Down Inventory, Spot Premiums Are Expected to Remain Firm Next Week [SMM South China Spot Copper Cathode Weekly Review]
Mar 26, 2026 15:29