Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
New Energy
DashboardDatabaseProReportsEventsCar InsightSHANGHAI, Jul 4 (SMM) – The most active August lead contract on the Shanghai Futures Exchange rapidly climbed to a high of 16,170 yuan/mt in Thursday afternoon trade, as data showed that lead stocks across the London Metal Exchange warehouses fell to 64,250 mt, lows in over a decade.
LME lead also received a boost from the low inventories.
The SHFE 1908 contract finished the trading day 0.47% higher at 16,150 yuan/mt. The rebound was also driven by bargain-hunting and short-covering after prices fell towards the psychologically-key 16,000 yuan/mt level on Wednesday July 3.
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn