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SMM Brief on SHFE Lead Futures (2013-3-25)
Mar 25, 2013 18:16Source:SMM
Boosted by LME base metal price hike, SHFE lead prices opened high at RMB 14,540/mt on Monday.
SHANGHAI, Mar. 25 (SMM) – Boosted by LME base metal price hike, SHFE lead prices opened high at RMB 14,540/mt on Monday. During the morning trading session, SHFE lead prices fluctuated narrowly around RMB 14,530/mt, but surged by 11% to RMB 14,530/mt driven by long power. However, Shanghai Composite Index fell slightly, which curbed SHFE lead prices. Finally, LME lead prices closed at RMB 14,585/mt, up RMB 85/mt from a day earlier. Trading volumes reduced by 20 lots to 86 lots. Positions increased by 8 lots to 2,106 lots.
SHFE lead price
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