SMM Brief on SHFE Lead Futures (2013-4-22)

Apr 22, 2013 16:22

SHFE 1306 lead contract price was weighed on at the 5-day moving average after opening at RMB 13,830/mt on Monday.

SHANGHAI, Apr. 22 (SMM) – SHFE 1306 lead contract price was weighed on at the 5-day moving average after opening at RMB 13,830/mt on Monday. Prices held firm between RMB 13,780-13,800/mt in the morning trading session but fell to RMB 13,670/mt in the afternoon as spot lead demand remained weak and as SHFE copper fell below RMB 50,000/mt. The contract for June delivery finally closed at 13,700/mt, down RMB 165/mt or 1.19%. Traded volumes increased 214 lots to 426 lots, and positions dropped 86 lots to 2,036 lots.

SHFE lead price

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SMM Brief on SHFE Lead Futures (2013-4-22)

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