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Home / Metal News / SHFE Lead Closes down RMB 255/mt against Panic Selling (Oct. 16, 2014)

SHFE Lead Closes down RMB 255/mt against Panic Selling (Oct. 16, 2014)

Oct 16, 2014 17:35

Source:SMM

Lead for November delivery on the Shanghai Futures Exchange, the most active contract, opened Wednesday’s night session at RMB 13,650/mt.

SHANGHAI, Oct. 16 (SMM) – Lead for November delivery on the Shanghai Futures Exchange, the most active contract, opened Wednesday’s night session at RMB 13,650/mt, and then surged to RMB 13,710/mt. The price of the SHFE 1411 lead contract finished the night session down RMB 80/mt at RMB 13,655/mt.

On Thursday, SHFE lead initially slipped to RMB 13,340/mt, but later rebounded to RMB 13,500/mt before ending down RMB 255/mt at RMB 13,480/mt. Trading volumes for the SHFE 1411 lead contract surged to 5,790 lots, and positions shrank 2,094 lots to 11,202 lots.

SHFE lead prices

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