SMM Brief on SHFE Lead Futures (2013-2-7)-Shanghai Metals Market

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SMM Brief on SHFE Lead Futures (2013-2-7)

SMM Insight 04:42:32PM Feb 07, 2013 Source:SMM

SHANGHAI, Feb. 7 (SMM) – SHFE lead prices opened at RMB 15,400/mt and fell to RMB 15,260/mt on Thursday due to the continued falls in LME lead prices and a pullback in Chinese stocks. In the afternoon, prices started rising due to as some traders bought at lows to finally close at RMB 15,345/mt, down RMB 55/mt. Trading volumes increased 16 lots to 72 lots, while positions were up 16 lots to 2,458 lots.
 

SMM Brief on SHFE Lead Futures (2013-2-7)

SMM Insight 04:42:32PM Feb 07, 2013 Source:SMM

SHANGHAI, Feb. 7 (SMM) – SHFE lead prices opened at RMB 15,400/mt and fell to RMB 15,260/mt on Thursday due to the continued falls in LME lead prices and a pullback in Chinese stocks. In the afternoon, prices started rising due to as some traders bought at lows to finally close at RMB 15,345/mt, down RMB 55/mt. Trading volumes increased 16 lots to 72 lots, while positions were up 16 lots to 2,458 lots.