Metals News
SHFE Lead Continues to Hover Below RMB 15,000/mt (Aug. 5, 2014)
price review forecast
17:00PM
Source:SMM

SHANGHAI, Aug. 5 (SMM) – The most active SHFE 1410 lead contract swung by around RMB 50/mt during Monday’s night session after opening at RMB 15,020/mt, and finished up RMB 180/mt at RMB 15,040/mt. During the night session, total traded volumes were 56,746 lots, and positions rose 12 lots to 60,830 lots.

On Tuesday, SHFE lead prices fell to RMB 14,875-14,945/mt after starting at RMB 15,040/mt, and closed up RMB 45/mt, or 0.3%, at RMB 14,905/mt. Traded prices tumbled by 41,486 lots to 82,506 lots, and positions decreased 2,478 lots to 41,046 lots. SHFE lead prices are expected to hover persistently below the RMB 15,000/mt mark in the near term.
 

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