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SHFE Lead Prices End Higher

Release time:2014-12-03

Dec 02, 2014 09:42 GMT   Source:SMM

Tags: lead prices

 

 

SHANGHAI, Dec. 2 (SMM) – SHFE 1501 lead contract prices opened at RMB 13,425/mt Monday evening, then rose with precious metals and crude oil prices, and closed at RMB 13,485/mt, up RMB 35/mt. Precious metals and crude oil prices both fell Tuesday due to the lack of positive macroeconomic news, while SHFE base metals prices stayed high. SHFE 1501 lead contract prices hovered in a RMB 13,470-13,500/mt range, and finished at RMB 13,500/mt, up RMB 55/mt. Trading volumes were 1,796 lots, and total positions decreased 750 to 11,494 lots. SHFE 1501 lead contract prices are expected to remain between RMB 13,400-13,550/mt this evening.