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SMM Brief on SHFE Lead Futures (2013-4-12)
Apr 12,2013 17:45CST
smm insight
Source: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.

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.
 

SHFE lead price

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