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SHFE Lead Tumbles on Heavy Selling (Dec. 17, 2014)

Release time:2014-12-18

Dec 17, 2014 09:16 GMT   Source:SMM

 

 

SHANGHAI, Dec. 17 (SMM) – Lead for February delivery on the Shanghai Futures Exchange, the most active contract, dipped to RMB 12,825/mt after opening Tuesday’s night session at RMB 12,990/mt and finished down RMB 250/mt at RMB 12,835/mt. During the night session, trading volumes for the most active contract surged 2,318 lots, while positions added 506 lots to 12,022 lots.

SHFE lead sank to RMB 12,560/mt against broad selling on Wednesday and ended down RMB 510/mt at RMB 12,575/mt. Trading volumes for the SHFE 1502 lead contract spiked to 10,012 lots, while positions expanded 2,790 lots to 14,306 lots.
 

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