SHFE 1507 Lead Slips RMB 90/mt (May 8, 2015)

Published: May 8, 2015 16:22

Save

SHFE 1507 lead, the most-traded contract, started Wednesday evening session at RMB 13,840/mt and then lurched down to close at RMB 13,640/mt, falling RMB 275/mt.

SHANGHAI, May 8 (SMM) – The most-traded July lead contract on Shanghai Futures Exchange dropped RMB 180/mt to RMB 13,470/mt Thursday night.

SHFE 1507 lead moved higher to RMB 13,580/mt Friday on expectation for pro-growth measures and ended the day at RMB 13,560/mt, falling RMB 90/mt, or 0.66%. Trading volumes were down 4,830 to 8,424 lots whereas positions climbed 20 to 15,468.

SHFE 1507 lead is expected to trade higher as the contract closed above the 20-day moving average.

SHFE 1507 LEAD lead prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn