Metals News
SMM Brief Review - 2012/5/3 SHFE Lead Futures
smm insight
04:24PM
May 3,2012
Source:SMM

SHANGHAI, May 3 (SMM) – SHFE lead prices opened slightly lower at RMB 15,825/mt Thursday and moved between RMB 15,850-15,880/mt in the morning. In the afternoon, SHFE lead prices fell to move around RMB 15,830/mt due to the losses of LME lead prices, but gained support at the 5-day moving average to finally end at RMB 15,830/mt, down RMB 115/mt. Trading volumes were up 16 lots to 524 lots, and positions were up 76 lots to 1,492 lots.

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