Home / Metal News / SMM Brief on SHFE Lead Futures (2013-4-3)

SMM Brief on SHFE Lead Futures (2013-4-3)

iconApr 3, 2013 17:26
Source:SMM
SHFE 1306 lead contract became the most active one on April 3, and gapped lower at RMB 14,365/mt due to the slumping LME lead prices overnight.

SHANGHAI, Apr. 3 (SMM) – SHFE 1306 lead contract became the most active one on April 3, and gapped lower at RMB 14,365/mt due to the slumping LME lead prices overnight. Prices then moved between RMB 14,370-14,420/mt with resistance at the lower Bollinger band before closing at RMB 14,350/mt, down RMB 125/mt from a day earlier. Trading volumes fell 76 lots to 206 lots, and positions were up 148 lots to 2,018 lots.

 

SHFE lead price

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news