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SHFE Lead Finishes Up RMB 5/mt at RMB 13,360/mt (Dec. 8, 2014)

Release time:2014-12-09

Dec 08, 2014 09:16 GMT   Source:SMM

 

 

SHANGHAI, Dec. 8 (SMM) – Lead for January delivery on the Shanghai Futures Exchange, the most active contract, initially rose in last Friday’s night session, but later fell to end at RMB 13,355/mt, depressed by a stronger US dollar.

SHFE lead slipped to RMB 13,315/mt early on Monday and finished up RMB 5/mt at RMB 13,360/mt as shorts liquidated positions. Trading volumes for the most active contract totaled 846 lots, and positions shed 300 lots to 10,522 lots. The price of the soft metal should remain on a downward trajectory for the near term.