SMM Brief on SHFE Lead Futures (2013-2-5)-Shanghai Metals Market

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SMM Brief on SHFE Lead Futures (2013-2-5)

SMM Insight 08:21:55PM Feb 05, 2013 Source:SMM

SHANGHAI, Feb. 5 (SMM) – As LME lead prices closed lower overnight due to the political instability in the eurozone, the 1304 SHFE lead contract price gapped RMB 100/mt lower at RMB 15,470/mt on Tuesday. Combined with the quiet trading ahead of the Chinese New Year holiday, SHFE lead prices presented a weak trend between RMB 15,440-15,470/mt despite the rising Shanghai Composite Index to finally close at RMB 15,450/mt, down RMB 85/mt. Trading volumes fell 118 lots to 218 lots, while positions were up 14 lots to 2,432 lots.

 

Key Words:  SHFE lead prices 

SMM Brief on SHFE Lead Futures (2013-2-5)

SMM Insight 08:21:55PM Feb 05, 2013 Source:SMM

SHANGHAI, Feb. 5 (SMM) – As LME lead prices closed lower overnight due to the political instability in the eurozone, the 1304 SHFE lead contract price gapped RMB 100/mt lower at RMB 15,470/mt on Tuesday. Combined with the quiet trading ahead of the Chinese New Year holiday, SHFE lead prices presented a weak trend between RMB 15,440-15,470/mt despite the rising Shanghai Composite Index to finally close at RMB 15,450/mt, down RMB 85/mt. Trading volumes fell 118 lots to 218 lots, while positions were up 14 lots to 2,432 lots.

 

Key Words:  SHFE lead prices