SMM Brief Review - 2012/7/24 SHFE Lead Futures-Shanghai Metals Market

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SMM Brief Review - 2012/7/24 SHFE Lead Futures

SMM Insight 05:22:51PM Jul 24, 2012 Source:SMM

SHANGHAI, Jul. 24 (SMM) – SHFE lead prices opened RMB 60/mt lower at RMB 14,745/mt July 24 influenced by the falling LME lead prices overnight, but moved up later to touch RMB 14,895/mt as China’s July PMI hit a five month high of 49.5 according to HSBC. SHFE lead prices closed up RMB 75/mt to RMB 14,880/mt. Trading volumes were down 136 lots to 192 lots, while positions increased 32 lots to 2,618 lots.

Key Words:   lead price   SHFE lead 

SMM Brief Review - 2012/7/24 SHFE Lead Futures

SMM Insight 05:22:51PM Jul 24, 2012 Source:SMM

SHANGHAI, Jul. 24 (SMM) – SHFE lead prices opened RMB 60/mt lower at RMB 14,745/mt July 24 influenced by the falling LME lead prices overnight, but moved up later to touch RMB 14,895/mt as China’s July PMI hit a five month high of 49.5 according to HSBC. SHFE lead prices closed up RMB 75/mt to RMB 14,880/mt. Trading volumes were down 136 lots to 192 lots, while positions increased 32 lots to 2,618 lots.

Key Words:   lead price   SHFE lead