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Home / Metal News / SHFE Lead Prices Up 1.95% (2017-6-5)

SHFE Lead Prices Up 1.95% (2017-6-5)

Jun 5, 2017 17:08

Source:SMM

SHFE 1707 lead opened at RMB 16,110/mt and closed RMB 315/mt or 1.95% higher at RMB 16,500/mt.

SHANGHAI, Jun. 5 (SMM) – On Monday, SHFE 1707 lead opened at RMB 16,110/mt and then climbed to RMB 16,630/mt quickly. The contract later fell back to RMB 16,330/mt with longs taking profits and rallied thanks to leaving of shorts. SHFE 1707 lead closed RMB 315/mt or 1.95% higher at RMB 16,500/mt. Trading volumes rose 17,042 to 81,638 lots and positions increased 846 to 44,030. SHFE 1707 lead challenged resistance at the 60-day moving average but failed.

The contract will remain in upward track for a short term.

SHFE lead

LME lead

lead prices

For queries, please contact William Gu at williamgu@smm.cn

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Lead smelters made firm offers for spot goods on supply shortage, and downstream battery producers replenished stocks at low prices, improving transaction.

Aug 22, 2017 14:04

SMM Insight

Lead Spot Transaction Improves after Price Drops, SMM Reports

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Traders in China's market had low price-making interest in response to low inventories, and firm price kept downstream battery producers at sidelines, resulting in sluggish trading.

Aug 3, 2017 14:08

SMM Comments Industry

Tight Supply Refrains Transaction in China Lead Market, SMM Reports

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Motive battery supply is tight in China's market and will ease in mid and late June.

Jun 14, 2017 10:02

SMM Insight

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SMM Insight

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LME Lead to Stay Range-Bound (2017-5-4)

LME lead will move at USD 2,170-2,225/mt on Thursday and SHFE 1706 lead will move above RMB 16,000/mt at RMB 16,000-16,400/mt.

May 4, 2017 09:37

SMM Comments

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

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)

WBMS: Global Lead Market Moves into Deficit of 81,000 Tonees in January-February 2017

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Apr 20, 2017 10:53

SMM Insight

WBMS: Global Lead Market Moves into Deficit of 81,000 Tonees in January-February 2017

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Average operating rate at 48 surveyed Chinese primary lead smelters was 63.37% in March, up 5.66 percentage points on a monthly basis.

Apr 18, 2017 14:26

SMM Insight

China Primary Lead Smelters Raise Operating Rate in March, SMM Reports

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Apr 18, 2017 13:19

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SHFE Lead to Remain Range-Bound (2017-4-14)

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Apr 14, 2017 09:20

SMM Comments

SHFE Lead to Remain Range-Bound (2017-4-14)

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SHFE Lead Prices Up 1.95% (2017-6-5)

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