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Home / Metal News / SMM Brief on SHFE Lead Futures (2012-10-24)

SMM Brief on SHFE Lead Futures (2012-10-24)

Oct 24, 2012 16:27

SHFE lead started at RMB 15,450/mt before dropped to RMB 15,340-15,360/mt on October 24 as LME lead prices slumped overnight.

SHANGHAI, Oct. 24 (SMM) – SHFE lead started at RMB 15,450/mt before dropping to RMB 15,340-15,360/mt on October 24 as LME lead prices slumped overnight. SHFE lead prices fell to RMB 15,300/mt at midday due to increased selling pressures and finally ended the day at RMB 15,330/mt, up RMB 25/mt. Trading volumes were down 50 lots to 176 lots, and positions fell 42 lots to 1,190 lots.

SHFE lead prices

lead prices in Shanghai

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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SMM Brief on SHFE Lead Futures (2012-10-24)

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