SHFE Lead Bounces Back Today

By news.metal.com

Published 14:13 PM Wed May 10th ,2023

SHANGHAI May 10 (SMM) - SHFE 2306 lead opened at 15310 yuan/mt and hovered around 15290 yuan/mt. At last it closed at 15285 yuan/mt up 0.16%. The open interest added 2095 lots to 63335 lots from the previous trading day and the trading volume grew 147 lots to 38658 lots. SHFE lead bottomed out today encouraging the spot traders to sell cargoes. The spots delivered from factories were quoted large discounts but the downstream demand remained poor. Besides as the delivery of SHFE 2305 lead is approaching the spots in Jiangsu Zhejiang and Shanghai markets were still quoted at small premiums and the trades decreased compared with yesterday. The most-traded SHFE lead contract will move rangebound in the short term on a stable macro front.

Последние новости о металлах

Еще новости о металлах

Gold pulls back as US inflation data looms

Gold prices eased on Wednesday after rising in the previous two sessions as investors positioned for April U.S. inflation data which could have a bearing on the Federal Reserve’s interest rate policy.. .

SMM Evening Comments

SHANGHAI May 10 - Shanghai nonferrous metals closed mostly with losses in day trading. The US dollar index dropped but the US debt ceiling negotiations failed to make new progress. The market waited for further guidance from the US CPI data to be released tonight. Economists expect the US core CPI to rise by 5.5% year-on-year in April.. .

SHFE Lead Bounces Back Today

SHANGHAI May 10 (SMM) - SHFE 2306 lead opened at 15310 yuan/mt and hovered around 15290 yuan/mt. At last it closed at 15285 yuan/mt up 0.16%. The open interest added 2095 lots to 63335 lots from the previous trading day and the trading volume grew 147 lots to 38658 lots.. .