SMM Lead Market Daily Review (2015-2-13)

Published: Feb 16, 2015 08:57

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SHFE 1504 lead contract prices touched a high of RMB 12,580/mt after opening on Friday and ended up RMB 265/mt, or 2.15%, at RMB 12,570/mt.

SHANGHAI, Feb. 16 (SMM) – SHFE 1504 lead contract prices touched a high of RMB 12,580/mt after opening on Friday and ended up RMB 265/mt, or 2.15%, at RMB 12,570/mt. Trading volumes declined 3,434 lots to 6,130 lots. Positions also fell by 1,824 to 15,630, as investors liquidated positions before the Chinese New Year holiday.

The April-delivery lead contract started at RMB 12,370/mt during night session Thursday and finished at RMB 12,580/mt.

No transactions were reported from Shanghai lead market last Friday, and trades in Guangdong were also few. Battery producers mostly suspended buying, and smelters in Henan also stopped making quotations. Some downstream producers made inquiries, but transactions were seldom made as transporting services were halted.

SHFE lead spot lead prices

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