SMM Brief on SHFE Lead Futures (2013-4-17)

Apr 17, 2013 15:53

SHFE 1306 lead contract price opened higher at RMB 14,070/mt on April with LME lead stabilizing overnight.

SHANGHAI, Apr. 17 (SMM) – SHFE 1306 lead contract price opened higher at RMB 14,070/mt on April with LME lead stabilizing overnight. However, prices were deprived of impetus to rise due to a lack of buying support. Besides, rumors that urbanization conference will not be held as scheduled this month drove the Shanghai Composite Index to fall at midday, so SHFE lead fell below RMB 14,000/mt to close at RMB 13,955/mt, down RMB 80/mt. Trading volumes were down 130 lots to 262 lots, and positions fell 4 lots to 2,128 lots.

SHFE lead price

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SMM Brief on SHFE Lead Futures (2013-4-17)

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