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SMM Brief on SHFE Lead Futures (2013-1-17)
SHANGHAI, Jan. 17 (SMM) – The SHFE 1303 lead contract price opened lower at RMB 15,130/mt on January 17 influenced by the slump in LME lead prices overnight. Prices then fell to a low of RMB 15,035/mt as investors booking profits which caused selling pressures. The contract for March delivery was finally settled at RMB 15,100/mt after hovering between RMB 15,080-15,120/mt, down RMB 70/mt. Trading volumes were down 8 lots to 116 lots, and positions fell 8 lots to 2,174 lots.
SMM Brief on SHFE Lead Futures (2013-1-17)
SHANGHAI, Jan. 17 (SMM) – The SHFE 1303 lead contract price opened lower at RMB 15,130/mt on January 17 influenced by the slump in LME lead prices overnight. Prices then fell to a low of RMB 15,035/mt as investors booking profits which caused selling pressures. The contract for March delivery was finally settled at RMB 15,100/mt after hovering between RMB 15,080-15,120/mt, down RMB 70/mt. Trading volumes were down 8 lots to 116 lots, and positions fell 8 lots to 2,174 lots.
