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SMM Brief Review - 2011/10/24 SHFE Lead Futures
Oct 24, 2011 16:04Source:SMM
SHFE 1112 lead contract opened RMB 400/mt higher at RMB 14,640/mt on Monday, boosted by the rise of LME lead last Friday.
SHANGHAI, Oct. 24 (SMM) – SHFE 1112 lead contract opened RMB 400/mt higher at RMB 14,640/mt on Monday, boosted by the rise of LME lead last Friday, and moved around daily moving average. In the afternoon session, SHFE lead was further driven by increases of domestic stock market and LME lead up to above RMB 15,000/mt and once reached limit-up, with prices closed at RMB 15,025/mt, up RMB 850/mt, or 6%. Trading volumes decreased by 158 lots to 1,570 lots, and positions decreased by 214 lots to 2,140 lots.
SHFE lead; LME lead
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