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SMM Brief on SHFE Lead Prices (2014-4-23)
Apr 23,2014 17:22CST
price review forecast
Source:SMM
The most active SHFE 1405 lead contract price started Tuesday’s night session at RMB 13,870/mt, and then tracked LME lead prices up to close RMB 130/mt higher at RMB 13,965/mt.

SHANGHAI, Apr. 23 (SMM) – The most active SHFE 1405 lead contract price started Tuesday’s night session at RMB 13,870/mt, and then tracked LME lead prices up to close RMB 130/mt higher at RMB 13,965/mt. Traded volumes totaled 326 lots, while positions lost 14 lots to 6,472 lots. HSBC’s China manufacturing PMI for April rose slightly to 48.3, up from March’s 48, fueling a bullish sentiment in the market. SHFE lead prices hovered around RMB 13,930/mt during the morning trading session, and closed Wednesday up RMB 120/mt at RMB 13,955/mt. Traded volumes rose sharply to 1,208 lots, and positions gained 70 lots to 6,556 lots. 

 

SHFE lead prices

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