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SHFE 1506 Lead down RMB 80/mt on Reduced Positions (Apr. 21, 2015)
Apr 21,2015 17:17CST
price review forecast
Source:SMM
SHFE 1506 lead, the most active contract, hit a high of RMB 13,645/mt Monday evening session and ended at RMB 13,475/mt, down RMB 80/mt.
 
SHANGHAI, Apr. 21(SMM) - SHFE 1506 lead, the most active contract, hit a high of RMB 13,645/mt Monday evening session and ended at RMB 13,475/mt, down RMB 80/mt.
 
The June delivery lead edged up to RMB 13,500/mt and ended at RMB 13,475/mt on Tuesday, down RMB 80/mt as some investors booked profits. Trading volumes totaled 9,088 lots and positions fell 886 to 15,672. SMM/LME lead price ratio rebounded to 6.7 due to tight supply in China’s spot lead market and growing electric vehicle battery prices.
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