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SHFE Lead Ends down RMB 75/mt at RMB 13,405/mt (Dec. 3, 2014)

Release time:2014-12-04

Dec 03, 2014 09:21 GMT   Source:SMM

 

 

SHANGHAI, Dec. 3 (SMM) – Lead for January delivery on the Shanghai Futures Exchange, the mostly traded contract, fluctuated at RMB 13,435-13,475/mt in Tuesday’s night session after starting at RMB 13,450/mt. The price of the SHFE 1501 lead contract ended down RMB 45/mt at RMB 13,435/mt.

On Wednesday, SHFE lead moved at RMB 13,430-13,450/mt in the morning trading session and slipped to RMB 13,295/mt at the tail of the trading, a refreshed low of this year. The price of the soft metal, however, rebounded afterwards to close down RMB 75/mt at RMB 13,405/mt. Trading volumes for the most active contract totaled 952 lots, while positions shed 138 lots to 11,356 lots. SHFE lead is expected to level out during Wednesday’s night session in light of an uptick crude oil and gold prices.