SHFE Lead Ends Up RMB 5/mt at RMB 12,400/mt (Jan. 9, 2015)

SHANGHAI, Jan. 9 (SMM) – Lead for March delivery on the Shanghai Futures Exchange, the most active contract, surged to RMB 12,520/mt after opening Thursday’s night session at RMB 12,455/mt, but later retreated to close up RMB 30/mt at RMB 12,425/mt.

SHFE lead initially fell to RMB 12,350/mt, but later rebounded to RMB 12,400-12,440/mt before ending up RMB 5/mt, or 0.04% at RMB 12,400/mt. Trading volumes for the most active contract shrank 2,284 lots to 6,522 lots, while positions gained 1,066 to 24,212.