SMM Brief on SHFE Lead Prices (2014-4-29)

Apr 29, 2014 17:14

The most active SHFE 1405 lead contract started Monday’s night session at RMB 13,885/mt, and finished down RMB 10/mt at RMB 13,905/mt, with only 12 lots of traded volumes.

SHANGHAI, Apr. 29 (SMM) – The most active SHFE 1405 lead contract started Monday’s night session at RMB 13,885/mt, and finished down RMB 10/mt at RMB 13,905/mt, with only 12 lots of traded volumes. On Tuesday, SHFE lead prices slid as low as RMB 13,860/mt, but recovered some subsequently to hit a high of RMB 13,895/mt before ending down RMB 35/mt at RMB 13,880/mt. Traded volumes rose 562 lots to 1,476 lots, and positions added 26 lots to 6,006 lots. SHFE lead prices should be rather resistant to declines for the near term.

SHFE lead prices

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SMM Brief on SHFE Lead Prices (2014-4-29)

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