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SMM Brief on SHFE Lead Futures (2013-3-1)
Mar 1,2013 16:25CST
smm insight
Source:SMM
SHFE lead prices gapped lower at RMB 14,890/mt on March 1 due to slipping LME lead prices and moved around moving averages in the morning

SHANGHAI, Mar. 1 (SMM) – SHFE lead prices gapped lower at RMB 14,890/mt on March 1 due to slipping LME lead prices and moved around moving averages in the morning. In the afternoon, SHFE lead prices fell to RMB 14,840/mt as Shanghai Composite Index weakened and as LME lead prices fell. Prices finally closed at RMB 14,860/mt, down RMB 130/mt. Trading volumes increased 234 lots to 382 lots, while positions were down 132 lots to 1,992 lots.
 

SHFE lead prices

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