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SMM Lead Market Daily Review (2015-1-26)

Release time:2015-01-27

Jan 27, 2015 01:02 GMT   Source:SMM

 

SHANGHAI, Jan. 27 (SMM) – Lead for March delivery on the Shanghai Futures Exchange, the most active contract, closed down RMB 130/mt at RMB 12,395/mt in last Friday’s night session. On Monday, SHFE lead dipped to as low as RMB 12,355/mt, dampened by a tumble in SHFE and LME copper, but later rebounded to end down RMB 65/mt, or 0.52% at RMB 12,460/mt. Trading volumes for the SHFE 1503 lead contract shrank 454 lots to 8,034 lots, while positions shed 652 to 16,038. Supplies from Chihong Zn & Ge traded at RMB 12,550/mt in Shanghai on Monday, a RMB 120-150/mt premium to the most active SHFE 1503 lead contract. Traded prices were RMB 12,500-12,510/mt for Humon and Shuangyan wrapped with plastic, and RMB 12,46......

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