SMM Brief on SHFE Lead Futures (2013-10-28)

Price Review & Forecast 05:15:04PM Oct 28, 2013 Source:SMM

SHANGHAI, Oct. 28 (SMM) – The most active SHFE lead prices opened flat at RMB 14,385/mt on Monday and reached an intraday high of RMB 14,465/mt immediately, mirroring gains by LME lead prices on last Friday. Despite positive expectations over reform policies in the upcoming Third Plenary Session of the 18th Central Committee of CPC, the lingering tight liquidity still keeps investors in a cautious mood. In this context, SHFE lead prices consolidated in RMB 14,430-14,450/mt range and finally closed at RMB 14,435/mt, up RMB 115/mt on Monday. Trading volumes gained 836 lots to 1,532 lots, while positions expanded 702 lots to 11,382 lots.       

 
Key Words:  SHFE lead prices 

SMM Brief on SHFE Lead Futures (2013-10-28)

Price Review & Forecast 05:15:04PM Oct 28, 2013 Source:SMM

SHANGHAI, Oct. 28 (SMM) – The most active SHFE lead prices opened flat at RMB 14,385/mt on Monday and reached an intraday high of RMB 14,465/mt immediately, mirroring gains by LME lead prices on last Friday. Despite positive expectations over reform policies in the upcoming Third Plenary Session of the 18th Central Committee of CPC, the lingering tight liquidity still keeps investors in a cautious mood. In this context, SHFE lead prices consolidated in RMB 14,430-14,450/mt range and finally closed at RMB 14,435/mt, up RMB 115/mt on Monday. Trading volumes gained 836 lots to 1,532 lots, while positions expanded 702 lots to 11,382 lots.       

 
Key Words:  SHFE lead prices