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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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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.

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SMM Comments

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SMM Comments

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SMM Comments

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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 3.97% (2016-9-1)

SHFE 1610 lead started at RMB 13,965/mt and ended at RMB 14,420/mt, up RMB 550/mt or 3.97%.

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SMM Comments

33% Market Players Negative Toward Lead Prices This Week, SMM Surveys

SMM survey of 30 Chinese lead smelters reveals that 33% of them see LME lead to drop below USD 1,843/mt this week and SHFE 1610 lead to fall below RMB 13,500/mt and test the 60-day moving average.

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SMM Comments

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

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