Metals News
SMM Brief Review - 2012/1/17 SHFE Lead Futures
smm insight

SHANGHAI, Jan. 17 (SMM) – SHFE lead prices opened RMB 60/mt higher at RMB 15,480/mt on Tuesday and fluctuated widely between RMB 15,470-15,580/mt. After 10: 00 a.m., China’s GDP growth for 4Q was reported above expectations, boosting market sentiment. Thus, SHFE lead prices surged to RMB 15,700/mt along with the rising domestic stocks, and finally closed at RMB 15,630/mt, up RMB 210/mt, or 1.36%. Trading volumes decreased by 2 lots to 366 lots, and positions decreased by 52 lots to 1,982 lots.

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