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Home / Metal News / SHFE Lead Closes with 1.23% Losses (2016-7-28)

SHFE Lead Closes with 1.23% Losses (2016-7-28)

Jul 28, 2016 17:33

Source:SMM

SHFE 1609 lead started at RMB 13,715/mt and then moved stably. But the contract fell by RMB 100/mt at the tail of trading before finally ending at RMB 13,605/mt, down RMB 170/mt or 1.23%.

SHANGHAI, Jul. 28 (SMM) – On Wednesday’s night trading, SHFE 1609 lead opened at RMB 13,755/mt and then moved in a tight range before diving to RMB 13,645/mt. The contract stopped falling at the tail of trading and closed at RMB 13,665/mt.

On Thursday, SHFE 1609 lead started at RMB 13,715/mt and then moved stably. But the contract fell by RMB 100/mt at the tail of trading before finally ending at RMB 13,605/mt, down RMB 170/mt or 1.23%. Trading volumes reduced 3,134 to 18,104 lots and positions fell 864 to 23,058. SHFE 1609 lead dropped below 5-day moving average on Thursday, but the contract is expected to go upside due to improved fundamentals and positive technical indicators.

SHFE lead prices

LME lead prices

lead prices

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Eyes should be on US dollar index on Wednesday. LME lead will move at USD 2,140-2,180/mt on Wednesday and SHFE 1706 lead will fluctuate between RMB 15,800-16,350/mt.

Apr 26, 2017 09:19

SMM Comments

LME Lead to Move in a Tight Range (2017-4-26)

Global Lead Supply Reverse to Surplus in February 2017

International Lead and Zinc Study Group (ILZSG) issued on Apr. 12 that global lead market had an 11,700 tonnes of surplus in February.

Apr 13, 2017 14:25

SMM Insight

Global Lead Supply Reverse to Surplus in February 2017

SHFE Lead to Stabilize (2017-4-10)

LME lead will move at USD 2,230-2,300/mt on Monday and SHFE 1705 lead will stabilize 16,200-17,000/mt at RMB after a sharp decline.

Apr 10, 2017 09:18

SMM Comments

LME Lead to See Range-Bound Trading (2017-4-7)

LME lead will be weighed by the 20-day moving average and move at USD 2,260-2,310/mt on Friday and SHFE 1705 lead will fluctuate between RMB 17,200-17,600/mt.

Apr 7, 2017 09:41

SMM Comments

LME Lead to See Range-Bound Trading (2017-4-7)

LME Lead to Move in a Tight Range (2017-3-31)

LME lead will fluctuate between USD 2,300-2,370/mt and SHFE 1705 lead will move at RMB 17,000-17,600/mt.

Mar 31, 2017 09:33

SMM Comments

LME Lead to Move in a Tight Range (2017-3-31)

SHFE Lead Sets for Losses (2016-9-26)

LME lead should move at USD 1,905-1,925/mt on Monday and SHFE 1611 lead is predicted to range between RMB 14,350-14,550/mt.

Sep 26, 2016 10:02

SMM Comments

LME Lead to See Range-Bound Trading (2016-9-19)

LME lead is expected to range between USD 1,925-1,945/mt on Monday and SHFE 1610 lead will move at RMB 13,950-14,150/mt.

Sep 19, 2016 09:44

SMM Comments

SHFE Lead to Remain on the Upward Track (2016-9-2)

LME lead is predicted to range between USD 1,930-1,950/mt on Friday and SHFE 1610 lead to move at RMB 14,400-14,600/mt.

Sep 2, 2016 10:05

SMM Comments

SHFE Lead Prices Up 0.07% (2016-8-26)

SHFE 1610 lead started at RMB 13,945/mt and ended at RMB 13,960/mt, up RMB 10/mt or 0.07%.

Aug 26, 2016 17:11

SMM Comments

SHFE Lead Ends with Losses (2016-8-12)

SHFE 1609 lead started at RMB 13,835/mt and moved around RMB 13,805/mt. The price later fell back from a high of RMB 13,860/mt and finally ended at RMB 13,805/mt, down RMB 30/mt or 0.22%.

Aug 12, 2016 16:47

SMM Comments

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SHFE Lead Closes with 1.23% Losses (2016-7-28)

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