SMM Brief on SHFE Lead Futures (2013-10-29)

Price Review & Forecast 05:16:12PM Oct 29, 2013 Source:SMM

SHANGHAI, Oct. 29 (SMM) – The most active SHFE 1312 lead contract prices started a touch higher at RMB 14,445/m on Tuesday, boosted by a rally of LME lead prices overnight. The Shanghai Composite Index extended losses amid worries over China’s tight liquidity, sending SHFE lead prices down to RMB 14,400/mt. Despite this, SHFE metals prices, except copper prices, gained traction later, mirroring a chunk of gains in the European and US trading hours. As a result, SHFE lead prices ended Tuesday at an intraday high of RMB 14,480/mt, up RMB 45/mt. Trading volumes added 86 lots, while positions expanded 136 lots to 11,518 lots.  

 
Key Words:  SHFE lead prices 

SMM Brief on SHFE Lead Futures (2013-10-29)

Price Review & Forecast 05:16:12PM Oct 29, 2013 Source:SMM

SHANGHAI, Oct. 29 (SMM) – The most active SHFE 1312 lead contract prices started a touch higher at RMB 14,445/m on Tuesday, boosted by a rally of LME lead prices overnight. The Shanghai Composite Index extended losses amid worries over China’s tight liquidity, sending SHFE lead prices down to RMB 14,400/mt. Despite this, SHFE metals prices, except copper prices, gained traction later, mirroring a chunk of gains in the European and US trading hours. As a result, SHFE lead prices ended Tuesday at an intraday high of RMB 14,480/mt, up RMB 45/mt. Trading volumes added 86 lots, while positions expanded 136 lots to 11,518 lots.  

 
Key Words:  SHFE lead prices