SHFE Lead Slips as Investors Increase Short Positions (Oct. 28, 2014)

SHANGHAI, Oct. 28 (SMM) – Lead for December delivery on the Shanghai Futures Exchange, the most active contract, swung between RMB 13,650-13,690/mt after opening Monday’s night session at RMB 13,655/mt, and finished up RMB 60/mt at RMB 13,670/mt.

On Tuesday, SHFE lead initially retreated to RMB 13,545/mt, but rebounded to RMB 13,650-13,660/mt subsequently before closing down RMB 10/mt at RMB 13,600/mt. Trading volumes for the SHFE 1412 lead contract reached 2,704 lots, and positions expanded 236 lots to 9,320 lots.