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SMM Brief on SHFE Lead Futures (2013-3-15)
Mar 15,2013 15:47CST
smm insight
Source:SMM
SHFE 1305 lead contract price opened RMB 100/mt higher at RMB 14,820/mt on Friday as LME lead prices were buoyed by the falling US dollar overnight.

SHANGHAI, Mar. 15 (SMM) – SHFE 1305 lead contract price opened RMB 100/mt higher at RMB 14,820/mt on Friday as LME lead prices were buoyed by the falling US dollar overnight. However, SHFE lead prices fell later despite an increase in domestic stock markets since most investors stayed out of the market ahead of the weekend. Prices moved between RMB 14,720-14,760/mt and closed at RMB 14,735/mt, down RMB 5/mt. Trading volumes increased 86 lots to 222 lots, and positions were down 70 lots to 2,244 lots.

 

SHFE lead prices

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