SHFE Lead Prices down 1.57% (2017-5-16)

Published: May 16, 2017 17:51

Save

SHFE 1706 lead started at RMB 15,955/mt and ended at RMB 15,715/mt, down RMB 250/mt or 1.57%.

SHANGHAI, May 16 (SMM) – On Tuesday, SHFE 1706 lead started at RMB 15,955/mt and then plunged below the previous lowest level to RMB 15,500/mt, with positions opening by shorts. The contract later rebounded to RMB 15,750/mt after shorts took profits and dropped again as longs left the market, and stabilized at RMB 15,650-15,700/mt. SHFE 1706 lead ended at RMB 15,715/mt, down RMB 250/mt or 1.57%. Trading volumes increased 7,520 to 69,968 lots and positions fell 184 to 42,310. SHFE 1706 lead hit the year’s worst on Tuesday.

The contract, facing strong downward pressure, will keep falling territory in a short term with weak fundamentals.

SHFE lead LME lead 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

4 hours ago

Lead Prices Stagnant, Smelters Maintain Firm Offers Amid Losses

Lead prices were in the doldrums, while secondary lead smelters maintained firm offers due to losses. The mainstream spot order ex-factory prices including tax narrowed the discount to the SMM #1 lead average price by 100 yuan/mt, shifting to a premium of 0–25 yuan/mt, with some smelters halting offers and sales.

4 hours ago

"Domestic Secondary Crude Lead Market Slows as Holidays Approach, Smelters Halt Production"

Pre-holiday stockpiling by downstream enterprises had largely concluded, and a few had already entered the holiday period, completely suspending procurement. Next week, secondary lead smelters will enter a concentrated wave of production halts and holidays, resulting in sluggish trading activity in the spot market. Offers for spot refined lead orders were sparse, with prices moving in line with the market.

4 hours ago

Sluggish Transactions in Domestic Secondary Crude Lead Market, Prices at 15,250-15,400 Yuan/mt

The domestic secondary crude lead market experienced sluggish transactions. As of February 6, 2026, the ex-factory tax-exclusive offers for domestic secondary crude lead stood at 15,250-15,400 yuan/mt. Downstream refined lead and alloy smelters gradually entered the holiday period, showing weak stockpiling willingness. Overseas lead ingot suppliers basically halted transactions with China due to poor consumption in the Chinese market, with only some previously concluded shipments maintaining normal in-transit transportation. The trading atmosphere in the secondary crude lead market will continue to weaken next week.

4 hours ago