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SMM Brief on SHFE Lead Prices (2014-6-20)
Jun 21,2014 12:58CST
price review forecast
Source:SMM
The most active SHFE 1408 lead contract fell back after starting Thursday's night session higher, and closed up RMB 15/mt at RMB 14,015/mt, with only 8 lots traded.

SHANGHAI, Jun. 20 (SMM) – The most active SHFE 1408 lead contract fell back after starting Thursday's night session higher, and closed up RMB 15/mt at RMB 14,015/mt, with only 8 lots traded.

On Friday, SHFE lead prices hovered initially between RMB 14,050-14,070/mt, rising to as high as RMB 14,140/mt, and finished up RMB 110/mt at RMB 14,110/mt. Trading volumes reached a high of 2,388 lots, and positions gained 418 lots to 6,306 lots. SHFE lead prices are expected to test resistance at RMB 14,100/mt next week.  

SHFE lead prices

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