SMM Brief Review - 2011/10/26 SHFE Lead Futures

SHANGHAI, Oct. 26 (SMM) – SHFE lead prices opened about RMB 200/mt lower at RMB 14,875/mt on Wednesday, and fluctuated around RMB 14,950-15,050/mt later. In the afternoon, SHFE lead surged up to RMB 15,195/mt with rise in domestic stock market, but surrendered early gains for lack of upward momentum at the tail of trading, with prices finally closed at RMB 15,015/mt, down RMB 80/mt. Trading volumes decreased by 1,570 lots to 970 lots, and positions decreased slightly by 60 lots to 1,978 lots. The struggles between longs and shorts remained.