SMM Brief on SHFE Lead Futures (2013-11-4)

Nov 4, 2013 17:51

The most active SHFE lead contract price started lower at RMB 14,350/mt on Monday.

SHANGHAI, Nov. 4 (SMM) – The most active SHFE lead contract price started lower at RMB 14,350/mt on Monday, and hovered at RMB 14,370-14,390/mt in the morning session. In the afternoon, the falling LME lead prices dragged SHFE lead to slip to RMB 14,350-14,360/mt, with the SHFE lead for December delivery closing at RMB 14,365/mt, a decline of RMB 60/mt. Traded volumes increased by 514 lots to 1,072 lots, while open interest shrank by 418 lots to 10,824 lots. Resistance at both the 5 and 60-day moving averages posed hurdle for SHFE lead to rally.

SHFE lead price

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SMM Brief on SHFE Lead Futures (2013-11-4)

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