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SMM Brief on SHFE Lead Futures (2013-3-26)
Mar 26,2013 16:12CST
smm insight
Source:SMM
SHFE lead prices started lower at RMB 14,545/mt on Tuesday given market concerns over the European economy.

SHANGHAI, Mar. 26 (SMM) – SHFE lead prices started lower at RMB 14,545/mt on Tuesday given market concerns over the European economy, and moved down due to falling holdings. However, prices found some support from the LME lead prices which were resistant to declines on one hand and refused to rise on the other and a stalemate between buyers and suppliers in China’s spot lead market, and mainly moved between RMB 14,530-14,560/mt before closing at RMB 14,570/mt, RMB 15/mt lower than the previous trading day. Traded volumes were up 88 lots to 174 lots, and positions were down 88 lots to 2,018 lots.

 

SHFE lead prices

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