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

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

SMM Insight 06:33:04PM Jan 21, 2013 Source:SMM

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.

 

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

SMM Insight 06:33:04PM Jan 21, 2013 Source:SMM

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.