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SMM Brief Review - 2012/1/12 SHFE Lead Futures
Jan 12,2012 16:00
CSTsmm insight
Source:SMM
SHFE 1203 lead contract prices moved down to RMB 15,220/mt after opening at RMB 15,265/mt on Thursday.
SHANGHAI, Jan. 12 (SMM) – SHFE 1203 lead contract prices moved down to RMB 15,220/mt after opening at RMB 15,265/mt on Thursday. Later as the National Bureau of Statistics released China’s December CPI data, prices stopped decreasing and stabilized. In the afternoon, SHFE lead prices fluctuated upward along with domestic stocks and finally closed at RMB 15,400/mt, up RMB 65/mt. Trading volumes increased by 118 lots to 384 lots, and positions increased by 166 lots to 1,720 lots.
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