SMM Brief on SHFE Lead Futures (2013-4-8)

Apr 8, 2013 18:46

SHFE 1306 lead contract price started lower at RMB 14,340/mt on Monday influenced by the falling LME lead prices last Friday.

SHANGHAI, Apr. 8 (SMM) – SHFE 1306 lead contract price started lower at RMB 14,340/mt on Monday influenced by the falling LME lead prices last Friday, and gained buying support at RB 14,400/mt. Although domestic stock markets gapped lower to fall below 2,200, the SHFE lead contract remained resilient with price finally closing up RMB 75/mt to RMB 14,425/mt. Trading volumes were down 72 lots to 134 lots, while positions were up 48 lots to 2,066 lots.

SHFE lead price

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SMM Brief on SHFE Lead Futures (2013-4-8)

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