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SMM Brief on SHFE Lead Prices (2014-3-7)
Mar 7,2014 18:33CST
price review forecast
Source:SMM
The most active SHFE 1404 lead contract started at RMB 13,800/m, and rose to RMB 13,830/mt, driven by rising LME lead prices at Thursday’s night session.

SHANGHAI, Mar. 7 (SMM) – The most active SHFE 1404 lead contract started at RMB 13,800/m, and rose to RMB 13,830/mt, driven by rising LME lead prices at Thursday’s night session. The metal later hovered narrowly around RMB 13,815/mt with a lack of buying support, and closed up RMB 5/mt or 0.04% at RMB 13,810/mt. During the night session, trading volumes were only 36 lots, and positions were off 26 lots to 9,988 lots. SHFE lead prices fluctuated between RMB 13,770-13,810/mt on Friday, falling to a low of RMB 13,760/mt, and finished up RMB 10/mt or 0.07% at RMB 13,815/mt. Trading volumes shed 260 lots to 1,430 lots, and positions gained 526 lots to 10,540 lots on Friday.
 

SHFE lead prices

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