SHFE Lead Hovers in Narrow Ranges on Weak Rising Momentum (Oct. 22, 2014)

Oct 22, 2014 16:32

Lead for December delivery on the Shanghai Futures Exchange, the most active contract, opened Tuesday’s night session at RMB 13,670/mt, and followed LME lead up as high as RMB 13,760/mt subsequently.

SHANGHAI, Oct. 22 (SMM) – Lead for December delivery on the Shanghai Futures Exchange, the most active contract, opened Tuesday’s night session at RMB 13,670/mt, and followed LME lead up as high as RMB 13,760/mt subsequently. The price of the SHFE 1412 lead contract ended up only RMB 25/mt at RMB 13,655/mt due to increased selling force.

SHFE lead hovered initially at RMB 13,600-13,640/mt on Wednesday, and closed up RMB 5/mt at RMB 13,635/mt. Positions for the SHFE 1412 lead contract shrank 462 lots to 9,882 lots.

SHFE lead prices

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SHFE Lead Hovers in Narrow Ranges on Weak Rising Momentum (Oct. 22, 2014)

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