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SHFE Lead Closes Down RMB 85/mt at RMB 12,335/mt (Jan. 12, 2015)

Release time:2015-01-13

Jan 12, 2015 09:11 GMT   Source:SMM

 

 

SHANGHAI, Jan. 12 (SMM) – Lead for March delivery on the Shanghai Futures Exchange, the most actively traded contract, opened last Friday’s night session at RMB 12,350/mt and then fluctuated at RMB 12,300-12,350/mt. The price of the SHFE 1503 lead contract followed LME lead up to RMB 12,455/mt at some stage and closed down RMB 70/mt at RMB 12,350/mt. Trading volumes for the most active contract totaled 10,180 lots in the night session.

SHFE Lead moved at RMB 12,360-12,380/mt early on Monday and sank to RMB 12,325/mt at the tail of the trading before ending down RMB 85/mt at RMB 12,335/mt. Trading volumes for the SHFE 1503 lead contract reached 13,684 lots, while positions added 218 to 24,430.
 

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