SMM Brief Review - 2012/5/30 SHFE Lead Futures-Shanghai Metals Market

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SMM Brief Review - 2012/5/30 SHFE Lead Futures

SMM Insight 05:20:57PM May 30, 2012 Source:SMM

SHANGHAI, May 30 (SMM) – On Wednesday, Egan-Jones in the US slashed Spain’s rating to BB- from B, leaving market frail. SHFE lead prices opened at RMB 15,200/mt and fluctuated down to hit an intraday low of RMB 15,065/mt. At the tail of trading, SHFE lead prices rallied slightly and regianed some earlier gains to finally close at RMB 15,130/mt, down RMB 120/mt. Trading volumes were down 92 lots to 108 lots, while positions increased to 1,934 lots, up 28 lots.

Key Words:  SHFE lead   lead price 

SMM Brief Review - 2012/5/30 SHFE Lead Futures

SMM Insight 05:20:57PM May 30, 2012 Source:SMM

SHANGHAI, May 30 (SMM) – On Wednesday, Egan-Jones in the US slashed Spain’s rating to BB- from B, leaving market frail. SHFE lead prices opened at RMB 15,200/mt and fluctuated down to hit an intraday low of RMB 15,065/mt. At the tail of trading, SHFE lead prices rallied slightly and regianed some earlier gains to finally close at RMB 15,130/mt, down RMB 120/mt. Trading volumes were down 92 lots to 108 lots, while positions increased to 1,934 lots, up 28 lots.

Key Words:  SHFE lead   lead price