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SMM Brief on SHFE Lead Futures (2012/10/12)
Oct 12,2012 17:55
CSTsmm insight
Source:SMM
On Friday, SHFE lead prices opened at RMB 15,780/mt and rose to a high of RMB 15,860/mt due to the increase in Chinese stock markets.
SHANGHAI, Oct. 12 (SMM) – On Friday, SHFE lead prices opened at RMB 15,780/mt and rose to a high of RMB 15,860/mt due to the increase in Chinese stock markets. However, SHFE lead prices fell with a lack of upward momentum and fluctuated widely between RMB 15,700-15,740/mt. At the tail of trading, prices gained buying support at RMB 15,720/mt and closed at RMB 15,760/mt, down RMB 40/mt. Positions remained unchanged.
SHFE lead prices
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