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SMM Brief on SHFE Lead Futures (2012-10-15)
Oct 15,2012 19:33CST
price review forecast
Source:SMM
SHFE lead prices opened RMB 120/mt lower at RMB 15,700/mt on Monday.

SHANGHAI, Oct. 15 (SMM) – LME lead prices dropped over 2% last Friday due to market concerns over the debt issues in Spain and Greece. In response, SHFE lead prices opened RMB 120/mt lower at RMB 15,700/mt on Monday. In the morning session, China’s September CPI was reportedly up 1.9%, and PPI down 3.6%, within market expectation. SHFE lead prices moved around RMB 15,690/mt with trading light. At midday, as LME lead prices and Chinese stocks fell further, adding to selling pressures on SHFE lead and driving prices to dip as low as RMB 15,650/mt and finally end at RMB 15,690/mt, down RMB 130/mt or nearly 1% from the previous trading day. Trading volumes increased 58 lots to 312 lots, and positions were down 28 to 1,220 lots.
 

SHFE lead prices

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