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SMM Brief Review - 2012/3/22 SHFE Lead Futures

iconMar 22, 2012 16:26
On Thursday, SHFE lead prices opened at RMB 15,685/mt.

SHANGHAI, Mar. 22 (SMM) – On Thursday, SHFE lead prices opened at RMB 15,685/mt. Later, since the HSBC PMI data for March was reported lower than expected, causing market concerns over the Chinese economic slowdown, SHFE lead prices fell by RMB 100/mt to move between RMB 15,590-15,620/mt and finally close at RMB 15,615/mt, down RMB 115/mt. Trading volumes decreased by 224 lots to 664 lots and positions were down 46 lots to 1,872 lots.

SHFE lead
lead price
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