SMM Brief on SHFE Lead Futures (2012/10/11)

Oct 11, 2012 17:28

On Thursday, SHFE lead prices opened lower at RMB 15,800/mt due to the 2.5% declines in LME lead prices.

SHANGHAI, Oct. 11 (SMM) – On Thursday, SHFE lead prices opened lower at RMB 15,800/mt due to the 2.5% declines in LME lead prices, but rallied at around 10: 00 a.m. to hover at RMB 15,875/mt boosted by expectations on China’s loosening policies. In the afternoon, SHFE lead prices fell again as the A-share moved down to finally close at RMB 15,800/mt, down RMB 90/mt from the previous day. Trading volumes increased 126 lots to 284 lots, and positions were down 74 lots to 1,150 lots.

SHFE lead prices

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SMM Brief on SHFE Lead Futures (2012/10/11)

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