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SMM Brief on SHFE Lead Futures (2013-7-24)

iconJul 24, 2013 16:53
Source:SMM
SHFE 1309 lead contract price started Wednesday at RMB 13,865/mt.

SHANGHAI, Jul. 24 (SMM) – SHFE 1309 lead contract price started Wednesday at RMB 13,865/mt. As Shanghai Composite Index fell 0.5% after the HSBC China manufacturing PMI for July was reported at an 11-month low, base metal dropped, with the most active SHFE lead contract price falling RMB 20/mt. However, as domestic shares stabilized in the afternoon, SHFE lead returned to the opening level and finally ended down RMB 15/mt at RMB 13,845/mt. Trading volumes increased 44 lots to 128 lots, while positions rose 18 lots to 2,568 lots. 

 
SHFE lead price

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