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SMM Brief on SHFE Lead Futures (2012/10/10)
Oct 10,2012 17:13
CSTsmm insight
Source:SMM
On Wednesday, SHFE lead prices opened RMB 100/mt lower at RMB 15,905/mt due to the declines in the US equities and LME lead prices.
SHANGHAI, Oct. 10 (SMM) – On Wednesday, SHFE lead prices opened RMB 100/mt lower at RMB 15,905/mt due to the declines in the US equities and LME lead prices. Trading was light with most investors leaving the market. Despite the slight rally in Chinese stock markets, SHFE lead prices follow a weak track between RMB 15,850-15,900/mt and ended the day at RMB 15,890/mt, down RMB 130/mt. Trading volumes increased 44 lots to 158 lots, and positions were down 48 lots to 1,224 lots.
SHFE lead prices
lead prices in Shanghai
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