SMM Brief Review - 2012/2/9 SHFE Lead Futures

SMM Insight 04:13:16PM Feb 09, 2012 Source:SMM

SHANGHAI, Feb. 9 (SMM) – On Thursday, SHFE lead prices opened at RMB 16,110/mt and rose to touch a high of RMB 16,205/mt due to the increasing Chinese domestic stocks. At midday, however, prices dropped by as much as RMB 100/mt within 5 minutes due to the decrease of SHFE copper prices, and surrendered earlier gains. SHFE lead prices moved between RMB 16,080-16,100/mt in the afternoon and finally closed at RMB 16,080/mt, down RMB 160/mt. Trading volumes increased by 166 lots to 322 lots, and positions decreased by 152 lots to 1,718 lots.

Key Words:  SHFE lead   lead prices 

SMM Brief Review - 2012/2/9 SHFE Lead Futures

SMM Insight 04:13:16PM Feb 09, 2012 Source:SMM

SHANGHAI, Feb. 9 (SMM) – On Thursday, SHFE lead prices opened at RMB 16,110/mt and rose to touch a high of RMB 16,205/mt due to the increasing Chinese domestic stocks. At midday, however, prices dropped by as much as RMB 100/mt within 5 minutes due to the decrease of SHFE copper prices, and surrendered earlier gains. SHFE lead prices moved between RMB 16,080-16,100/mt in the afternoon and finally closed at RMB 16,080/mt, down RMB 160/mt. Trading volumes increased by 166 lots to 322 lots, and positions decreased by 152 lots to 1,718 lots.

Key Words:  SHFE lead   lead prices