SMM Brief Review - 2012/3/5 SHFE Lead Futures

SHANGHAI, Mar. 5 (SMM) – On Monday, SHFE lead prices opened at RMB 16,160/mt and then hovered weakly at the level. Later, China cut its projected economic growth for 2012 to 7.5%, much lower than the figure a year earlier, causing market concerns over Chinese economic prospects. As a result, SHFE lead prices fell to close at RMB 16,130/mt, down RMB 20/mt. Market players were waiting for more policies and remained cautious. Traded volumes decreased by 380 lots to 74 lots and positions were down 28 lots to 1,708 lots.