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SHFE Lead Follows LME Lead down RMB 45/mt to RMB 13,605/mt (Oct. 21, 2014)
Oct 21,2014 17:16CST
price review forecast
Source:SMM
Lead for December delivery on the Shanghai Futures Exchange, the most active contract, opened Monday’s night session at RMB 13,670/mt.

SHANGHAI, Oct. 21 (SMM) – Lead for December delivery on the Shanghai Futures Exchange, the most active contract, opened Monday’s night session at RMB 13,670/mt, and then followed LME lead down to end at RMB 13,590/mt, RMB 60/mt off.

Boosted by better-than-expected Chinese GDP growth and industrial output, SHFE lead advanced to RMB 13,695/mt, but tracked LME lead down during the afternoon trading session to end down RMB 45/mt at RMB 13,605/mt. Trading volumes for the SHFE 1412 lead contract totaled 2,838 lots, and positions shed 466 lots to 10,344 lots.
 

SHFE lead prices

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