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SMM Brief on SHFE Lead Futures (2012-10-16)
Oct 16,2012 17:20CST
smm insight
Source:SMM
On October 16, SHFE lead prices opened at RMB 15,650/mt and mainly fluctuated narrowly.

SHANGHAI, Oct. 16 (SMM) – On October 16, SHFE lead prices opened at RMB 15,650/mt and mainly fluctuated narrowly. Given the upcoming EU summit, market players mainly watched on the sidelines, leaving SHFE lead prices to move around moving averages and hovered within a narrow range between RMB 15,650-15,700/mt. SHFE lead finally closed at RMB 15,715/mt, inching up RMB 25/mt from the previous trading day. Trading volumes fell 136 lots to 176 lots, and positions were down 44 lots to 1,176 lots.

 

SHFE lead prices

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