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Home / Metal News / SMM Brief on SHFE Lead Futures (2013-1-21)

SMM Brief on SHFE Lead Futures (2013-1-21)

Jan 21, 2013 18:33

The SHFE 1303 lead contract price gapped higher at RMB 15,270/mt on Monday influenced by the rising LME lead prices last Friday

SHANGHAI, Jan. 21 (SMM) – The SHFE 1303 lead contract price gapped higher at RMB 15,270/mt on Monday influenced by the rising LME lead prices last Friday, but fluctuated down to RMB 15,195-15,230/mt due to unimproved demand. In the afternoon, SHFE lead prices fell further to close at RMB 15,140/mt, down RMB 50/mt. Prices are expected to open lower on Tuesday.

SHFE lead prices

spot lead prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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