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SMM Brief on SHFE Lead Prices (2014-4-30)
Apr 30,2014 16:23CST
price review forecast
Source:SMM
No transactions were reported for the SHFE 1405 lead contract during Tuesday’s night session.

SHANGHAI, Apr. 30 (SMM) – No transactions were reported for the SHFE 1405 lead contract during Tuesday’s night session. On Wednesday, SHFE lead prices fluctuated between RMB 13,870-13,890/mt after starting at RMB 13,890/mt before the midday. The metal later sank to a low of RMB 13,865/mt due to higher selling pressure, and finished down RMB 10/mt at RMB 13,880/mt. Traded volumes stood at 1,348 lots, while positions lost 94 lots to 5,912 lots. The SHFE 1406 lead contract became the most active contract on Wednesday. Investors should keep watch on the euro zone’s CPI, US Q1 GDP, and nonfarm payroll figures during the May Day holiday.
 

SHFE lead prices

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