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Home / Metal News / SHFE Lead Falls RMB 55/mt, Hovering around 10-Day Moving Average (Oct. 13, 2014)

SHFE Lead Falls RMB 55/mt, Hovering around 10-Day Moving Average (Oct. 13, 2014)

Oct 13, 2014 16:22

Source:SMM

Lead for November delivery on the Shanghai Futures Exchange, the most active contract, hovered between RMB 13,750-13,790/mt during last Friday’s night session after opening at RMB 13,780/mt.

SHANGHAI, Oct. 13 (SMM) – Lead for November delivery on the Shanghai Futures Exchange, the most active contract, hovered between RMB 13,750-13,790/mt during last Friday’s night session after opening at RMB 13,780/mt. The price of the contract finished down RMB 80/mt at RMB 13,790/mt.

Encouraged by upbeat Chinese trade data, SHFE lead surged to RMB 13,875/mt, but fell later to close down RMB 55/mt, or 0.4%, at RMB 13,815/mt. Trading volumes for the SHFE 1411 lead contract shrank 474 lots to 1,998 lots, and positions lost 246 lots to 14,220 lots.

SHFE lead prices

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