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SMM Brief on SHFE Lead Futures (2013-4-3)
Apr 3,2013 17:26CST
smm insight
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

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