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SMM Brief Review - 2012/5/2 SHFE Lead Futures
May 2,2012 16:38
CSTsmm insight
Source:SMM
SHFE lead prices opened higher at RMB 15,815/mt on Wednesday, the first trading day following the May Day holiday.
SHANGHAI, May 2 (SMM) – SHFE lead prices opened higher at RMB 15,815/mt on Wednesday, the first trading day following the May Day holiday. China’s PMI was reported above expectations according to HSBC, but still below 50, so market players remained cautious. SHFE lead prices moved between RMB 15,900-15,950/mt and finally closed up RMB 135/mt to RMB 15,945/mt. Trading volumes were up 248 lots to 508 lots, and positions were up 12 lots to 1,416 lots.
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