SMM Brief on SHFE Lead Futures (2013-3-28)

Mar 28, 2013 16:22

SHFE 1305 lead contract price opened lower at RMB 14,460/mt on March 28 since LME lead prices ended down overnight and since domestic stocks gapped lower.

SHANGHAI, Mar. 28 (SMM) – SHFE 1305 lead contract price opened lower at RMB 14,460/mt on March 28 since LME lead prices ended down overnight and since domestic stocks gapped lower. The Shanghai Composite Index fell as much as 3%, prompting investors to book profits and exit the market. Thus, SHFE 1305 lead contract price moved between RMB 14,430-14,480/mt before closing at RMB 14,430/mt, down RMB 20/mt from a day earlier. Traded volumes were up 16 lots to 248 lots, and positions fell 116 lots to 192 lots.

SHFE lead price

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SMM Brief on SHFE Lead Futures (2013-3-28)

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