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SMM Brief on SHFE Lead Futures (2013-11-25)
Nov 25,2013 17:22CST
price review forecast
Source:SMM
The most-traded SHFE 1401 lead contract price started higher at RMB 13,995/mt and later fluctuated narrowly above the settle price of RMB 13,950/mt on last Friday.
SHANGHAI, Nov. 25 (SMM) – The most-traded SHFE 1401 lead contract price started higher at RMB 13,995/mt and later fluctuated narrowly above the settle price of RMB 13,950/mt on last Friday. The metal touched a high of RMB 14,000/mt by the midday. LME lead price fell below USD 2,100/mt in afternoon trading, while the Shanghai Composite Index also dropped below the 2200 milestone. In response, SHFE lead price drifted lower to RMB 13,930/mt and finally ended at a second intraday low of RMB 13,935/mt, down RMB 15/mt or 0.11%. Trading volume shed 316 lots to 528 lots, while open interest was off 176 lots to 10,578 lots on Monday.  
SHFE lead price

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