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SMM Brief on SHFE Lead Futures (2013-11-6)
Nov 6,2013 17:19CST
price review forecast
Source:SMM
The most active SHFE lead contract prices opened at RMB 14,350/mt on Wednesday.

SHANGHAI, Nov. 6 (SMM) – The most active SHFE lead contract prices opened at RMB 14,350/mt on Wednesday. The prices then moved between RMB 14,310-14,320/mt with market awaiting US nonfarm payroll data. SHFE lead for December delivery rose RMB 10/mt after midday driven by buying support, but trading activity was not brisk, with the prices finally closing at RMB 14,330/mt, little changed from a day earlier. Given resistance at several moving averages, any price increase will depend on important positive reports. Traded volumes declined by 340 lots to 744 lots, and open interest fell 526 lots to 9,766 lots.

 
SHFE lead prices

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