关于我们内页广告图
NewsCurrent Location : HomeNewsNews

SMM Base Metals Market Daily Review (2015-1-20)

Release time:2015-01-21

Jan 21, 2015 02:26 GMT   Source:SMM

 

SHANGHAI, Jan. 21 (SMM) – Copper Copper for March delivery on the Shanghai Futures Exchange, the most active contract, started at RMB 41,200/mt and then rallied to RMB 41,590/mt in Monday’s night session. The price of the SHFE 1503 copper contract later fell to test support at RMB 41,000/mt and finished down RMB 200/mt, or 0.48% at RMB 41,200/mt. Positions for the most active contract shed 908 to 286,382, while trading volumes totaled some 220,000 lots. On Tuesday, SHFE copper initially rose to RMB 41,500/mt and then edged up to RMB 41,560/mt. The price of the red metal surrendered all gains to dip to RMB 41,170/mt in the afternoon trading session and ended down RMB 150/mt, or 0.36% at RMB 41,250/mt. Positions for the SHFE 1503 copper contract tumbled 11,092 to 276,198, while trading volumes slumped by some 100,000 lots. The SHFE 1504 copper contract finished down RMB 110/mt at RMB 41,080/mt on Tuesday, with positions up 13,020 to 231,348. Spot copper was quoted at a RMB 50-130/mt premium to the SHFE 1502 copper contract in Shanghai on Tuesday. Standard- and high-quality copper sold for RMB 41,680-41,740/mt and RMB 41,720-41,800/mt, respectively. As SHFE copper stagnated, deliverable copper warehouse warrants flowed into the market, aggravating oversupply pressure and leaving a variety of copper brands available. Cargo holders were unwilling to cut premiums much as the price gap between the SHFE 1502 and 1503 copper contract narrowed. The price differential between standard- and high-quality copper held steady. Spot copper trading was light on Tuesday. Spot copper was quoted at a RMB 60-130/mt premium and traded at RMB 41,550-41,650/mt in the afternoon trading. Aluminum On Monday night, SHFE 1503 aluminum contract slipped to RMB 12,785/mt after starting at RMB 12,835/mt, and finished the night session at RMB 12,810/mt. Trading volumes totaled 12,......

Key words:
SMM LME lead prices
SLA battery,ups battery,agm battery,gel battery,solar battery,rechargeable battery,6v4ah,12v7ah,12v18ah,12v33ah,12v100ah,12v200ah,6v220ah.