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SMM Brief Review - 2011/10/20 SHFE Lead Futures
Oct 20, 2011 16:12Source:SMM
SHFE 1112 lead contract opened RMB 390/mt lower at RMB 13,710/mt on Thursday due to the plunging LME lead prices.
SHANGHAI, Oct. 20 (SMM) – SHFE 1112 lead contract opened RMB 390/mt lower at RMB 13,710/mt on Thursday due to the plunging LME lead prices. SHFE lead remained weak in the morning. In the afternoon session, LME lead dropped further, dragging SHFE lead futures to fluctuate between RMB 13,750-13,850/mt, with prices finally closing at RMB 13,850/mt, down RMB 620/mt, or 4.28%. Trading volumes increased by 644 lots to 1,524 lots, and positions increased by 234 lots to 2,254 lots, with strong short positions.
SHFE lead; LME lead
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