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SMM Lead Market Daily Review (2014-12-8)

Release time:2014-12-09

Dec 09, 2014 01:05 GMT   Source:SMM

 

SHANGHAI, Dec. 9 (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. Supplies from Chihong Zn & Ge and Nanfang in Shanghai traded Monday at RMB 13,370-13,390/mt, a RMB 120/mt premium to the SHFE 1412 lead contract. Yubei warehouse warrants sold for......