SMM Brief Review - 2012/5/11 SHFE Lead Futures-Shanghai Metals Market

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SMM Brief Review - 2012/5/11 SHFE Lead Futures

SMM Insight 04:54:15PM May 11, 2012 Source:SMM

SHANGHAI, May 11 (SMM) – SHFE lead prices opened at RMB 15,650/mt Friday and rose to RMB 15,680/mt briefly influenced by China’s slower CPI growth for April. Later, SHFE lead prices fell to RMB 15,555/mt due to a lack of upward momentum and falling domestic stocks, to finally close at RMB 15,600/mt, down RMB 50/mt. Trading volumes were down 124 lots to 264 lots, and positions dropped by 32 lots to 992 lots.

Key Words:  SHFE lead   lead price 

SMM Brief Review - 2012/5/11 SHFE Lead Futures

SMM Insight 04:54:15PM May 11, 2012 Source:SMM

SHANGHAI, May 11 (SMM) – SHFE lead prices opened at RMB 15,650/mt Friday and rose to RMB 15,680/mt briefly influenced by China’s slower CPI growth for April. Later, SHFE lead prices fell to RMB 15,555/mt due to a lack of upward momentum and falling domestic stocks, to finally close at RMB 15,600/mt, down RMB 50/mt. Trading volumes were down 124 lots to 264 lots, and positions dropped by 32 lots to 992 lots.

Key Words:  SHFE lead   lead price