SMM Brief on SHFE Lead Futures (2013-4-12)-Shanghai Metals Market

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SMM Brief on SHFE Lead Futures (2013-4-12)

SMM Insight 05:45:40PM Apr 12, 2013 Source:SMM

SHANGHAI, Apr. 12 (SMM) – SHFE 1306 lead contract price started at RMB 14,450/mt on Friday and moved between RMB 14,430-14,450/mt due to weak demand. Later, market concerns over tighter liquidity was rekindled by rumors that the schedule for the relaunch of IPO may be decided when the new chairman of China Securities Regulatory Commission attends the press conference this afternoon. In response, the Shanghai Composite Index plunged again, driving SHFE lead to fall to RMB 14,380/mt before closing at RMB 14,410/mt, down RMB 30/mt from Thursday. Trading volumes fell 18 lots to 76 lots, and holdings increased 20 lots to 2,162 lots.
 

Key Words:  SHFE lead price 

SMM Brief on SHFE Lead Futures (2013-4-12)

SMM Insight 05:45:40PM Apr 12, 2013 Source:SMM

SHANGHAI, Apr. 12 (SMM) – SHFE 1306 lead contract price started at RMB 14,450/mt on Friday and moved between RMB 14,430-14,450/mt due to weak demand. Later, market concerns over tighter liquidity was rekindled by rumors that the schedule for the relaunch of IPO may be decided when the new chairman of China Securities Regulatory Commission attends the press conference this afternoon. In response, the Shanghai Composite Index plunged again, driving SHFE lead to fall to RMB 14,380/mt before closing at RMB 14,410/mt, down RMB 30/mt from Thursday. Trading volumes fell 18 lots to 76 lots, and holdings increased 20 lots to 2,162 lots.
 

Key Words:  SHFE lead price