SHFE Lead Closes Down RMB 15/mt on Increasing Profit-Taking (Aug. 8, 2014)-Shanghai Metals Market

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SHFE Lead Closes Down RMB 15/mt on Increasing Profit-Taking (Aug. 8, 2014)

Price Review & Forecast 06:27:03PM Aug 08, 2014 Source:SMM

SHANGHAI, Aug. 8 (SMM) – Lead for October delivery, the most active contract, opened Thursday’s night session at RMB 14,770/mt, and then tracked LME lead prices up to RMB 14,870/mt, closing at RMB 14,805/mt. During the night session, trading volumes for the SHFE 1410 lead contract totaled 53,872 lots, and positions expanded 870 lots to 37,266 lots.

On Friday, SHFE lead prices tracked LME lead prices down to as low as RMB 14,645/mt, and ended down RMB 15/mt at RMB 14,725/mt. Trading volumes for the SHFE 1410 lead contract rose to 82,784/mt, but positions fell 1,352 lots to 35,044 lots on Friday.
 

Key Words:  SHFE lead prices  

SHFE Lead Closes Down RMB 15/mt on Increasing Profit-Taking (Aug. 8, 2014)

Price Review & Forecast 06:27:03PM Aug 08, 2014 Source:SMM

SHANGHAI, Aug. 8 (SMM) – Lead for October delivery, the most active contract, opened Thursday’s night session at RMB 14,770/mt, and then tracked LME lead prices up to RMB 14,870/mt, closing at RMB 14,805/mt. During the night session, trading volumes for the SHFE 1410 lead contract totaled 53,872 lots, and positions expanded 870 lots to 37,266 lots.

On Friday, SHFE lead prices tracked LME lead prices down to as low as RMB 14,645/mt, and ended down RMB 15/mt at RMB 14,725/mt. Trading volumes for the SHFE 1410 lead contract rose to 82,784/mt, but positions fell 1,352 lots to 35,044 lots on Friday.
 

Key Words:  SHFE lead prices