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Home / Metal News / SMM Brief Review - 2012/5/16 SHFE Lead Futures

SMM Brief Review - 2012/5/16 SHFE Lead Futures

May 16, 2012 16:17

Source:SMM

SHFE lead prices moved around at RMB 15,535/mt Wednesday after opening.

SHANGHAI, May 16 (SMM) – SHFE lead prices moved around at RMB 15,535/mt Wednesday after opening due to the increasing risk for Greece to exit the euro zone. In the afternoon, SHFE lead prices dropped influenced by the falling domestic stocks and since LME lead prices dipped below USD 2,000/mt, to finally close at RMB 15,255/mt, a new low of the year, down RMB 265/mt from the previous trading day. Trading volumes were down 168 lots to 176 lots, and positions increased by 6 lots to 1,088 lots.

SHFE lead

lead price

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SMM Comments

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SMM Comments

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SMM Brief Review - 2012/5/16 SHFE Lead Futures

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