SMM Brief Review - 2012/2/2 SHFE Lead Futures

SHANGHAI, Feb 2 (SMM) – On Thursday, SHFE lead prices rose after opening at RMB 16,130/mt, but then fell to fluctuate around RMB 16,050/mt influenced by decreasing LME lead prices. In the afternoon, as Chinese domestic stocks stopped falling and regained some earlier losses, SHFE lead prices closed at RMB 16,125/mt, up RMB 130/mt. Trading volumes decreased by 214 lots to 98 lots, and positions increased by 16 lots to 1,858 lots.