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SMM Brief on SHFE Lead Futures (2013-3-13)
Mar 13,2013 17:24CST
smm insight
Source:SMM
SHFE 1305 lead contract price opened slightly higher at RMB 14,780/mt on March 13 influenced by the increase in LME lead prices overnight.

SHANGHAI, Mar. 13 (SMM) – SHFE 1305 lead contract price opened slightly higher at RMB 14,780/mt on March 13 influenced by the increase in LME lead prices overnight. However, the depressed demand and decline in domestic stock markets weighed down SHFE lead prices, and drove the prices to fall to RMB 14,760/mt before closing at RMB 14,750/mt, up RMB 30/mt. Trading volumes were down 30 lots to 110 lots, and positions were down 38 lots to 2,334 lots.
 

SHFE lead prices

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