SMM Brief on SHFE Lead Futures (2013-3-8)

Mar 8, 2013 18:09

As LME lead prices increased 1% overnight, SHFE 1305 lead contract price opened higher at RMB 14,820/mt on Friday.

SHANGHAI, Mar. 8 (SMM) – As LME lead prices increased 1% overnight, SHFE 1305 lead contract price opened higher at RMB 14,820/mt on Friday. In the afternoon, prices gained buying support at RMB 14,800/mt and moved up to RMB 14,800-14,825/mt, but the decline in domestic stock markets limited increase in SHFE lead prices, with prices ending at RMB 14,830/mt, up RMB 55/mt. Trading volumes fell 206 lots to 144 lots, while positions were up 26 lots to 2,263 lots.

SHFE lead prices

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SMM Brief on SHFE Lead Futures (2013-3-8)

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