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SMM Brief on SHFE Lead Futures (2013-1-9)
SHANGHAI, Jan. 9 (SMM) – The most active SHFE lead contract price opened at a new low for the year of RMB 15,100/mt on January 9 influenced by the LME lead price movement overnight. The most traded contract price then moved narrowly between RMB 15,100-15,130/mt. Investors remained cautious due to a lack of economic reports, and SHFE lead prices ended at RMB 15,125/mt. Trading volumes were down 10 lots to 124 lots, and positions fell 78 lots to 2,210 lots.
SMM Brief on SHFE Lead Futures (2013-1-9)
SHANGHAI, Jan. 9 (SMM) – The most active SHFE lead contract price opened at a new low for the year of RMB 15,100/mt on January 9 influenced by the LME lead price movement overnight. The most traded contract price then moved narrowly between RMB 15,100-15,130/mt. Investors remained cautious due to a lack of economic reports, and SHFE lead prices ended at RMB 15,125/mt. Trading volumes were down 10 lots to 124 lots, and positions fell 78 lots to 2,210 lots.
