SHFE Lead Finishes Lower (2017-6-7)-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Air pollution
  • Market commentary
  • Production data
  • Macroeconomics
  • Zinc
  • Morning comments
  • Futures movement
  • Aluminium
  • NPI
  • Copper
  • Nickel
  • Nickel ore
  • In the United States
  • trade negotiations

SHFE Lead Finishes Lower (2017-6-7)

Price Review & Forecast 05:15:53PM Jun 07, 2017 Source:SMM

SHANGHAI, Jun. 7 (SMM) – On Wednesday, SHFE 1707 lead opened at RMB 16,485/mt and then advanced to RMB 16,515/mt briefly with entering of large amounts of longs. The contract later dipped to RMB 16,380/mt and rallied to RMB 16,540/mt thanks to positions opening by longs. SHFE 1707 lead closed at RMB 16,480/mt, down RMB 125/mt or 0.75%. Trading volumes rose 8,264 to 86,514 lots and positions reduced 1,860 to 42,986.

The contract will fluctuate at the 5 and 60-day moving averages for a short term.

Lead Prices to Stay Firm on Positive Fundamentals, SMM Forecasts

Key Words:  SHFE lead  LME lead  lead prices 

SHFE Lead Finishes Lower (2017-6-7)

Price Review & Forecast 05:15:53PM Jun 07, 2017 Source:SMM

SHANGHAI, Jun. 7 (SMM) – On Wednesday, SHFE 1707 lead opened at RMB 16,485/mt and then advanced to RMB 16,515/mt briefly with entering of large amounts of longs. The contract later dipped to RMB 16,380/mt and rallied to RMB 16,540/mt thanks to positions opening by longs. SHFE 1707 lead closed at RMB 16,480/mt, down RMB 125/mt or 0.75%. Trading volumes rose 8,264 to 86,514 lots and positions reduced 1,860 to 42,986.

The contract will fluctuate at the 5 and 60-day moving averages for a short term.

Lead Prices to Stay Firm on Positive Fundamentals, SMM Forecasts

Key Words:  SHFE lead  LME lead  lead prices