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SMM Brief on SHFE Lead Futures (2013-2-21)
Feb 21,2013 16:13CST
smm insight
Source:SMM
The most active SHFE lead contract price gapped RMB 125/mt lower at RMB 15,150/mt on Thursday due to the slump in LME lead prices overnight.

SHANGHAI, Feb. 21 (SMM) – The most active SHFE lead contract price gapped RMB 125/mt lower at RMB 15,150/mt on Thursday due to the slump in LME lead prices overnight. Later, as the A-shares tumbled nearly 3%, SHFE lead prices fell further to RMB 15,040-15,070/mt to finally end at RMB 15,040/mt, down RMB 235/mt or 1.54% from the previous trading day. Trading volumes increased 106 lots to 270 lots, while positions were down 152 lots to 2,434 lots.
 

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