SMM Brief on SHFE Lead Futures (2013-11-14)

Nov 14, 2013 17:29

LME lead prices overnight narrowed losses to close at USD 2,103/mt, down 0.27%. The most active SHFE lead contract shifted to SHFE 1401 lead contract on Thursday.

SHANGHAI, Nov. 14 (SMM) – LME lead prices overnight narrowed losses to close at USD 2,103/mt, down 0.27%. The most active SHFE lead contract shifted to SHFE 1401 lead contract on Thursday and opened higher at RMB 14,090/mt in morning trading session. Boosted by stabilizing LME lead prices, SHFE lead prices surged to RMB 14,150/mt, but moved between RMB 14,095-14,125/mt, subdued by weak market sentiment and all moving averages. SHFE lead finally ended at RMB 14,120/mt, up RMB 55/mt or 0.39%. Trading volumes grew 874 lots to 1,746 lots, while open interest rose 586 lots to 9,446 lots on Thursday.

LME lead prices

SHFE lead prices

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SMM Brief on SHFE Lead Futures (2013-11-14)

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