SMM Brief on SHFE Lead Futures (2013-1-7)-Shanghai Metals Market

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SMM Brief on SHFE Lead Futures (2013-1-7)

SMM Insight 05:43:32PM Jan 07, 2013 Source:SMM

SHANGHAI, Jan. 7 (SMM) – The most active SHFE lead contract price opened lower at RMB 15,235/mt on Monday as market confidence was dampened by the doubts about the sustainability of Fed’s stimulus measures and the falling LME lead prices. Prices remained around the opening level in the morning session but touched a low of RMB 15,165/mt since LME lead prices fell further to finally end the day at RMB 15,170/mt, down RMB 80/mt. Trading volumes were down 136 lots to 266 lots, and positions fell 44 lots to 2,344 lots.

 

Key Words:  SHFE lead prices 

SMM Brief on SHFE Lead Futures (2013-1-7)

SMM Insight 05:43:32PM Jan 07, 2013 Source:SMM

SHANGHAI, Jan. 7 (SMM) – The most active SHFE lead contract price opened lower at RMB 15,235/mt on Monday as market confidence was dampened by the doubts about the sustainability of Fed’s stimulus measures and the falling LME lead prices. Prices remained around the opening level in the morning session but touched a low of RMB 15,165/mt since LME lead prices fell further to finally end the day at RMB 15,170/mt, down RMB 80/mt. Trading volumes were down 136 lots to 266 lots, and positions fell 44 lots to 2,344 lots.

 

Key Words:  SHFE lead prices