Home / Metal News / Aluminium / SMM Brief on SHFE Lead Futures (2012-10-29)
SMM Brief on SHFE Lead Futures (2012-10-29)
Oct 29,2012 17:42CST
smm insight
Source:SMM
SHFE lead prices opened at RMB 15,210/mt and followed a weak trend between RMB 15,180-15,200/mt on October 29.

SHANGHAI, Oct. 29 (SMM) – Since the optimistic US GDP data failed to boost market confidence, SHFE lead prices opened at RMB 15,210/mt and followed a weak trend between RMB 15,180-15,200/mt on October 29. In the afternoon, domestic stock markets dropped to a low 2,053, adding to bearish mood in the market, with many investors booking profits. In response, SHFE lead prices fluctuated down to hit RMB 15,130/mt, a new low in eight months, to finally close at RMB 15,175/mt. Trading volumes were down 134 lots to 136 lots, while positions were up 10 lots to 1,214 lots.
 

SHFE lead prices
lead prices in China

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news