SMM Brief on SHFE Lead Futures (2012-10-25)

Oct 25, 2012 17:36

SHFE lead prices fell to RMB 15,255/mt after opening at RMB 15,305/mt Thursday since LME lead prices dropped overnight.

SHANGHAI, Oct. 25 (SMM) – SHFE lead prices fell to RMB 15,255/mt after opening at RMB 15,305/mt Thursday since LME lead prices dropped overnight. Later, however, SHFE lead gained buying support increased to RMB 15,370/mt and then moved around RMB 15,330/mt due to persistent pessimism in the market, with prices ending at RMB 15,300/mt, down RMB 30/mt. Trading volumes were up 16 lots to 192 lots, while positions were up 42 lots to 1,232 lots.

SHFE lead prices

spot lead prices

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SMM Brief on SHFE Lead Futures (2012-10-25)

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