Metals News
SHFE Lead Finishes Down RMB 70/mt at RMB 14,650/mt (August 13, 2014)
price review forecast
17:21PM
Source:SMM

SHANGHAI, Aug. 13 (SMM) – The most active SHFE 1410 lead contract initially surged to RMB 14,835/mt during Tuesday’s night session, but then followed LME lead prices down to finish up RMB 35/mt at RMB 14,755/mt. Trading volumes totaled 27,128 lots, and positions added 1,264 lots to 51,942 lots.

On Wednesday, SHFE lead prices opened at RMB 14,755/mt, and then dipped to a low of RMB 14,635/mt on disappointing Chinese data before ending down RMB 70/mt at RMB 14,650/mt. Trading volumes increased by 44,014 lots, and positions lost 248 lots to 33,256 lots on Wednesday.
 

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