SMM Brief on SHFE Lead Futures (2013-2-4)-Shanghai Metals Market

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Home > News > SMM Insight > SMM Brief on SHFE Lead Futures (2013-2-4)

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SMM Brief on SHFE Lead Futures (2013-2-4)

SMM Insight 05:46:25PM Feb 04, 2013 Source:SMM

SHANGHAI, Feb. 4 (SMM) – The 1304 SHFE lead contract price gapped nearly RMB 100/mt higher at RMB 15,600/mt on Monday due to the positive US economic data released last Friday and the lower US dollar index. Some investors booked profits later, driving SHFE lead prices to edge down, but prices returned to RMB 15,520-15,570/mt due to strong LME lead prices and rising domestic stocks and finally ended at RMB 15,535/mt. Trading volumes increased 174 lots to 336 lots, while positions were up 112 lots to 2,418 lots.

Key Words: SHFE lead prices

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SMM Brief on SHFE Lead Futures (2013-2-4)

SMM Insight 05:46:25PM Feb 04, 2013 Source:SMM

SHANGHAI, Feb. 4 (SMM) – The 1304 SHFE lead contract price gapped nearly RMB 100/mt higher at RMB 15,600/mt on Monday due to the positive US economic data released last Friday and the lower US dollar index. Some investors booked profits later, driving SHFE lead prices to edge down, but prices returned to RMB 15,520-15,570/mt due to strong LME lead prices and rising domestic stocks and finally ended at RMB 15,535/mt. Trading volumes increased 174 lots to 336 lots, while positions were up 112 lots to 2,418 lots.

Key Words: SHFE lead prices