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SMM Lead Market Daily Review

Clicks:Updated:2014-01-10 10:01:09

SHANGHAI,Jan.7(SMM)–Last Friday,the most active SHFE 1402 lead contract prices(lead sheet for sale) in night trading session started at RMB 14,180/mt and later basically hovered around the price mark.
 lead sheet for sale
The metal finally ended the day at RMB 14,155/mt.During the trading session,transactions hit the lowest since the night trading was launched,while positions reached 7,148 lots.
On Monday,the most active SHFE lead prices opened at RMB 14,150/mt and fluctuated most of the day between RMB 14,150-14,180/mt.Weighed on by declining LME lead prices,SHFE lead prices(sales lead sheet) closed at an intraday low of RMB 14,105/mt,down RMB 150/mt or 1.05%.
Trading volumes expanded 810 lots to 1,588 lots,while positions gained 418 lots to 7,608 lots.SHFE lead prices still confronted the downside pressures due to negative technical indicators on Monday.

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