SMM Metals Reports

SHFE Lead Hovers between 5-Day and 10-Day Moving Averages (Oct. 23, 2014)

SHANGHAI, Oct. 23 (SMM) – Lead for December delivery on the Shanghai Futures Exchange, the most active contract, fluctuated between RMB 13,615-13,675/mt during Wednesday’s night session after opening at RMB 13,670/mt, and ended flat at RMB 13,635/mt.
SHFE lead hovered largely between the 5-day and 10-day moving averages on Thursday, with positions down by 626 lots. Total trading volumes shed by 1,352 lots. 

Australian hard coking coal export prices down in September

PERTH (Scrap Register): The September monthly average prices for Australian exports of Premium Hard Coking Coal (PHCC) and Hard Coking Coal (HCC) fell by 1.22% and 2.29% month-on-month to $112.28 a ton and $93.96 a ton FOB East Coast Australian port respectively.

Main sea freight index at Baltic Exchange advances to 944 points

UNITED KINGDOM October 20 2014 3:35 PMTweet  
LONDON (Scrap Register): The main sea freight index at Baltic Exchange for bigger vessels advanved to 944 points on Friday mainly due to a pick-up in capesize activity, after falling for 12 consecutive sessions.

SHFE Zinc Prices Finish with Gains (Oct. 22, 2014)

Tags: zinc prices
SHANGHAI, Oct. 22 (SMM) – SHFE 1412 zinc contract prices opened at RMB 16,250/mt Tuesday evening, then edged up with LME zinc prices, touching as high as RMB 16,380/mt, and closed at RMB 16,360/mt, up RMB 150/mt or 0.93%. Trading volumes increased 14,360 to 234,700 lots, and total positions increased 142 to 142,072 lots.
SHFE 1412 zinc contract prices opened at RMB 16,355/mt October 22, then rolled back some gains due to the exodus of longs, then hovered between RMB 16,300-16,340/mt. LME zinc prices leapt before the end of trading, but SHFE 1412 zinc contract price gains were extremely limited, and closed at RMB 16,355/mt, up RMB 145/mt or 0.89%. Trading volumes decreased 35,380, to 346,806 lots, and total positions were down 9,110 lots to 132,820 lots. SHFE 1412 zinc contract prices are expected to rebound.
 

SMM Nickel Market Daily Review (2014-10-21)

SHANGHAI, Oct. 22 (SMM) – SMM #1 nickel prices were between RMB 103,600-103,900/mt. Spot prices dropped after opening, with quotes RMB 0-100/mt below 1411 nickel contract prices on the Wuxi electronics trading. Russian nickel prices were RMB 200/mt below Jinchuan nickel prices, between RMB 103,500-104,700/mt. Spot prices stabilized between RMB 103,400-103,500/mt at one point in the afternoon, but fell with LME nickel prices after 3:00 pm, with Jinchuan nickel prices traded as low as RMB 102,600/mt. Trading between traders was active. Jinchuan lowered nickel prices RMB 3,300/mt to RMB 103,700/mt, but trading was barely made at this price level in the afternoon. Downstream purchase increased.