SMM Brief on SHFE Lead Futures (2013-7-29)

Jul 29, 2013 15:42

SHFE 1309 lead contract price started lower at RMB 13,450/mt on Monday due to concerns triggered by falling industrial profits in China.

SHANGHAI, Jul. 29 (SMM) – SHFE 1309 lead contract price started lower at RMB 13,450/mt on Monday due to concerns triggered by falling industrial profits in China. However, prices posted a rise of RMB 250/mt soon after opening and moved between RMB 13,730-13,780/mt for the rest of the day to eventually close at RMB 13,770/mt, down RMB 75/mt from last Friday. Traded volumes increased 124 lots to 202 lots, while holdings fell 60 lots to 2,472 lots. SHFE lead is expected to see bigger swings this week given a slew of risky events.

SHFE lead price

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SMM Brief on SHFE Lead Futures (2013-7-29)

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