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SMM Brief on SHFE Lead Prices (2014-3-10)
Mar 10,2014 18:12CST
price review forecast
Source:SMM
The most active SHFE 1404 lead contract gapped lower at RMB 13,595/mt, and then dipped to a low of RMB 13,515/mt in last Friday’s night session against bearish news.

SHANGHAI, Mar. 10 (SMM) – The most active SHFE 1404 lead contract gapped lower at RMB 13,595/mt, and then dipped to a low of RMB 13,515/mt in last Friday’s night session against bearish news. The metal later rebound to around RMB 13,675/mt, and finished down RMB 170/mt, or 1.23% at RMB 13,645/mt. During the night session, trading volumes gained 312 lots to 388 lots, while positions rose by only 62 lots. SHFE lead prices fluctuated around RMB 13,560/mt after breaking below the RMB 13,600/mt mark, and later rebounded to RMB 13,635/mt, closing down RMB 175/mt, or 1.27% at RMB 13,615/mt on Monday. Trading volumes expanded 992 lots to 2,422 lots, while positions shed 142 lots to 10,398 lots.
 

SHFE lead prices

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