SMM Brief on SHFE Lead Futures (2012-10-26)

SHANGHAI, Oct. 26 (SMM) – SHFE lead prices opened at RMB 15,260/mt and fluctuated between RMB 15,230-15,250/mt on October 26. As the US will announce its 3Q GDP data, market risk appetite was lower. In the afternoon, LME lead prices began falling, and stock markets also staged sharp declines. SHFE lead prices closed at an intraday low of RMB 15,140/mt, down RMB 160/mt or 1.05%. Trading volumes were up 78 lots to 270 lots, while positions were down 28 lots to 1,204 lots.