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SHFE Lead Closes Down RMB 5/mt at RMB 13,355/mt (Dec. 9, 2014)

Release time:2014-12-10

Dec 09, 2014 09:28 GMT   Source:SMM

 

 

SHANGHAI, Dec. 9 (SMM) – Lead for January delivery on the Shanghai Futures Exchange, the most active contract, opened at RMB 13,320/mt in Monday’s night session and soared to RMB 13,370/mt afterwards before ending down RMB 25/mt at RMB 13,400/mt.

SHFE lead held steady at RMB 13,330-13,350/mt on Tuesday and closed down only RMB 5/mt at RMB 13,355/mt. The price of the soft metal was more resistant than other base metals against a tumble in the Shanghai Composite Index. Trading volumes for the most active contract totaled 1,128 lots, while positions fell 530 lots to 9,992 lots.