SMM Brief on SHFE Lead Futures (2013-3-29)

Mar 29, 2013 19:24

SHFE 1305 lead contract price gapped lower at RMB 14,380/mt on Friday due to falling LME lead prices overnight.

SHANGHAI, Mar. 29 (SMM) – SHFE 1305 lead contract price gapped lower at RMB 14,380/mt on Friday due to falling LME lead prices overnight and rose to move around RMB 14,400/mt, testing daily moving average, to finally close at RMB 14,350/mt, down RMB 80/mt from the previous trading day. Traded volumes were up 130 lots to 378 lots, and positions increased 54 lots to 1,956 lots.

SHFE lead price

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SMM Brief on SHFE Lead Futures (2013-3-29)

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