Home / Metal News / Zinc / SMM Brief on SHFE Lead Prices (2014-3-25)
SMM Brief on SHFE Lead Prices (2014-3-25)
Mar 25,2014 17:03CST
price review forecast
Source:SMM
The most active SHFE 1405 lead contract price followed LME lead prices down to RMB 13,720/mt after starting at RMB 13,775/mt during Monday’s night session.

SHANGHAI, Mar. 25 (SMM) – The most active SHFE 1405 lead contract price followed LME lead prices down to RMB 13,720/mt after starting at RMB 13,775/mt during Monday’s night session. Trading volumes shed 314 lots to 136 lots, while positions added only 96 lots to 7,380 lots. Longs entered the market actively after the US dollar index fell below the 80 mark, pushing SHFE 1405 lead contract prices to RMB 13,775/mt. During the afternoon trading session, SHFE lead prices fluctuated around RMB 13,760/mt, and closed up RMB 30/mt or 0.22% at RMB 13,770/mt on Tuesday. Trading volumes contracted 44 lots to 406 lots, while positions gained 54 lots to 7,338 lots. SHFE lead prices met resistance at the 20-day moving average, but found solid support at the 5-day moving average on Tuesday.
 

SHFE lead prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news