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SMM Brief on SHFE Lead Futures (2012-10-23)
Oct 23,2012 17:24CST
smm insight
Source:SMM
SHFE lead prices gapped lower at RMB 15,430/mt and presented a weak trend on Tuesday as LME lead prices dropped nearly 2% overnight.

SHANGHAI, Oct. 23 (SMM) – SHFE lead prices gapped lower at RMB 15,430/mt and presented a weak trend on Tuesday as LME lead prices dropped nearly 2% overnight. In the afternoon, SHFE lead prices fell again to RMB 15,320-15,370/mt as LME lead prices slumped and Chinese stocks fluctuated down, to finally close at RMB 15,305/mt, down RMB 215/mt. Trading volumes were up 146 lots to 226 lots, and positions were up 32 lots to 1,232 lots.

 

SHFE lead prices
lead prices in Shanghai

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