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SMM Brief on SHFE Lead Futures (2013-11-28)
Nov 28,2013 16:46CST
price review forecast
Source:SMM
LME base metals prices overnight plunged at the tail of the trading due to stronger risk aversion ahead of the US Thanksgiving holiday.

SHANGHAI, Nov. 28 (SMM) – LME base metals prices overnight plunged at the tail of the trading due to stronger risk aversion ahead of the US Thanksgiving holiday. LME lead price closed at USD 2,073.5/mt, slumping USD 22/mt on Wednesday. The most active SHFE 1401 lead price started at RMB 13,910/mt and fluctuated narrowly on Thursday, affected by sluggish LME lead price overnight. SHFE lead moved between RMB 14,905-14,945/mt in light trading volumes and finally ended RMB 40/mt lower at RMB 13,910/mt. Transactions gained 100 lots to 1,056 lots, while open interest lost 6 lots to 11,086 lots on Thursday. 

 
LME lead price
SHFE lead price

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