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SMM Brief on SHFE Lead Futures (2012-10-17)
Oct 17,2012 17:13CST
smm insight
Source:SMM
SHFE lead prices opened at RMB 15,700/mt and followed a weak trend as influence from positive economic data in the US was limited.

SHANGHAI, Oct. 17 (SMM) – SHFE lead prices opened at RMB 15,700/mt and followed a weak trend as influence from positive economic data in the US was limited. Although LME lead and Chinese stocks rose slightly, the weak demand forced SHFE lead prices to fluctuate down to a low of RMB 15,630/mt, with prices finally closing at RMB 15,655/mt, down RMB 60/mt. Trading volumes fell 84 lots to 92 lots, and positions remained unchanged.

 

SHFE lead prices

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