SHFE Lead Finishes with Small Gains (2017-6-29)-Shanghai Metals Market

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SHFE Lead Finishes with Small Gains (2017-6-29)

Price Review & Forecast 05:40:26PM Jun 29, 2017 Source:SMM

SHANGHAIM, Jun. 29 (SMM) – SHFE 1708 lead opened at RMB 17,675/mt on Wednesday’s night trading and then climbed to RMB 17,755/mt. The contract later fell back slightly with longs taking profits and fluctuated between RMB 17,680-17,750/mt. SHFE 1708 lead traded at RMB 17,690-17,800/mt after opening on Thursday. During the afternoon trading, the contract registered intraday highest level at RMB 17,855/mt with rising ferrous metals. SHFE 1708 lead ended at RMB 17,735/mt, up RMB 75/mt or 0.71%. Trading volumes reduced 19,254 to 62,458 lots and positions dropped 820 to 41,686.

Why Lead Price Skyrockets, Ignoring Weak Fundamentals? SMM Reports

SHFE 1708 lead will keep hovering at highs in a short term.

Motive Battery Producers Hold High Operating Rates for Previous Order Delivery, SMM Reports

Key Words:  SHFE lead  LME lead  lead prices 

SHFE Lead Finishes with Small Gains (2017-6-29)

Price Review & Forecast 05:40:26PM Jun 29, 2017 Source:SMM

SHANGHAIM, Jun. 29 (SMM) – SHFE 1708 lead opened at RMB 17,675/mt on Wednesday’s night trading and then climbed to RMB 17,755/mt. The contract later fell back slightly with longs taking profits and fluctuated between RMB 17,680-17,750/mt. SHFE 1708 lead traded at RMB 17,690-17,800/mt after opening on Thursday. During the afternoon trading, the contract registered intraday highest level at RMB 17,855/mt with rising ferrous metals. SHFE 1708 lead ended at RMB 17,735/mt, up RMB 75/mt or 0.71%. Trading volumes reduced 19,254 to 62,458 lots and positions dropped 820 to 41,686.

Why Lead Price Skyrockets, Ignoring Weak Fundamentals? SMM Reports

SHFE 1708 lead will keep hovering at highs in a short term.

Motive Battery Producers Hold High Operating Rates for Previous Order Delivery, SMM Reports

Key Words:  SHFE lead  LME lead  lead prices