SHFE Lead Closes with Losses (May 20, 2016)

Published: May 20, 2016 18:43

Save

SHFE 1607 lead contract started at RMB 12,835/mt overnight and moved lower to RMB 12,730/mt.

SHANGHAI, May 20 (SMM) – SHFE 1607 lead contract started at RMB 12,835/mt overnight and moved lower to RMB 12,730/mt. The contract grew to RMB 12,780/mt before closing at RMB 12,780/mt, down RMB 55/mt or 0.43%.

SHFE 1607 lead opened at RMB 12,780/mt on Friday and moved around RMB 12,770/mt before diving to RMB 12,675/mt. The contract ended at RMB 12,795/mt, off RMB 40/mt or 0.31%. Trading volumes were down 2,276 to 9,578 lots and positions grew 376 to 16,898.

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

14 hours ago

Market Trading Atmosphere Remained Sluggish, Market Transaction Prices Declined [SMM Spot Aluminum Midday Review]

14 hours ago

15 hours ago

[SMM Flash News] Longyuan Shares Expands Aluminum Alloy Die-Casting Parts Capacity

To further strengthen its presence in the new energy market, Longyuan Shares plans to direct raised funds primarily toward the new energy three electric systems (power battery, drive motor and electronic control system) and lightweight automotive parts production project (Phase II), with a planned investment of 329 million yuan. Upon completion, it will add an annual capacity of 14.2 million aluminum alloy die-casting parts.

15 hours ago

[SMM Flash News] LME Aluminum Ingot Inventory Destocked by 2,350 mt on May 11

On May 11, London Metal Exchange (LME): total inventory 351,000 mt, change -2,350 mt; registered warrants 331,725 mt, change 0 mt; cancelled warrants 19,275 mt, change 2,350 mt.

15 hours ago