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Home / Metal News / SMM Brief Review - 2012/5/14 SHFE Lead Futures

SMM Brief Review - 2012/5/14 SHFE Lead Futures

May 14, 2012 17:04

Although China declared will lower banks’' reserve requirement ratio starting May 18, market concerns remained.

SHANGHAI, May 14 (SMM) – Although China declared to lower banks’reserve requirement ratio starting May 18, market concerns remained. SHFE lead prices opened at RMB 15,700/mt Monday and edged up after hitting a low of RMB 15,400/mt. At midday, SHFE lead prices moved around RMB 15,600/mt but fell in the afternoon due to the declines in domestic stocks and LME lead prices, to finally close at RMB 15,530/mt, down RMB 70/mt. Trading volumes were up 114 lots to 378 lots, and positions increased by 42 lots to 1,034 lots.

SHFE lead

lead price

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