SHFE Lead Closes Down RMB 285/mt as Investors Exit Markets (Aug. 6, 2014)

Aug 6, 2014 17:57

Source:SMM

The most active SHFE 1410 lead contract started Tuesday’s night session at RMB 14,840/mt, and later followed LME lead price down to RMB 14,700/mt.

SHANGHAI, Aug. 6 (SMM) – The most active SHFE 1410 lead contract started Tuesday’s night session at RMB 14,840/mt, and later followed LME lead price down to RMB 14,700/mt before ending RMB 245/mt, or 1.64% lower at RMB 14,730/mt. During the night session, trading volumes totaled 51,100 lots, and positions added 1,558 lots to 42,604 lots.

SHFE lead prices rose to RMB 14,785/mt during the morning trading session, but fell to as low as RMB 14,660/mt subsequently to close down RMB 285/mt at RMB 14,690/mt. Trading volumes for the SHFE 1410 lead contract were 82,272 lots, and positions were off 1,956 lots to 39,090 lots.

SHFE lead prices

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SHFE Lead Closes Down RMB 285/mt as Investors Exit Markets (Aug. 6, 2014)

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