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SMM Brief on SHFE Lead Futures (2013-7-19)
Jul 19,2013 19:43CST
price review forecast
Source:SMM
SHFE lead prices started higher at RMB 13,890/mt on Friday, but met resistance and moved between RMB 13,860-13,880/mt in the morning trading session.

SHANGHAI, Jul. 19 (SMM) – SHFE lead prices started higher at RMB 13,890/mt on Friday, but met resistance and moved between RMB 13,860-13,880/mt in the morning trading session. In the afternoon, the Shanghai Composite Index fell 1.52% to dip below 2,000, dragging down base metals. Coupled with profit-taking by some investors ahead of the weekend, the most active SHFE lead contract price finally closed at RMB 13,825/mt, down RMB 20/mt from a day earlier. Trading volumes dropped 176 lots to 50 lots, while holdings increased 20 lots to 2,508 lots. 

 
SHFE lead price

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