Home / Metal News /  / SHFE Lead Prices Up 0.36% (2016-8-24)
SHFE Lead Prices Up 0.36% (2016-8-24)
Aug 24,2016 16:50CST
price review forecast
Source:SMM
SHFE 1610 lead started at RMB 13,970/mt and ended at RMB 13,965/mt, up RMB 50/mt or 0.36%.

SHANGHAI, Aug. 24 (SMM) – On Tuesday’s night trading, SHFE 1610 lead fluctuated around RMB 13,930/mt after opening at the mark. Later, the contract drifted higher to RMB 13,965/mt and hit a session-high of RMB 13,980/mt before closing at RMB 13,960/mt.

On Wednesday, SHFE 1610 lead started at RMB 13,970/mt and then gave up some previous gains and briefly slid to RMB 13,895/mt after rising to RMB 13,995/mt. Later, the contract rebounded to around RMB 14,000/mt and ended at RMB 13,965/mt, up RMB 50/mt or 0.36%. Trading volumes rose 1,288 to 9,302 lots and positions increased 402 to 17,358.

SHFE 1610 lead is now able to find support at the 5-day moving average, and meanwhile high spot premiums will also support the market. SMM expects SHFE 1610 lead to continue testing RMB 14,000/mt for the foreseeable future.  



SHFE lead prices
LME lead price
lead prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news