SMM Brief on SHFE Lead Futures (2013-10-30)

Price Review & Forecast 05:25:23PM Oct 30, 2013 Source:SMM

SHANGHAI, Oct. 30 (SMM) – The most active SHFE 1312 lead contract prices opened slightly lower at RMB 14,400/mt in morning trading on Wednesday, dragged down by a drop of LME lead prices stemming from the US tepid economic data overnight. At present, investors are in a jittery mood, as they are awaiting the final decision made in the US Federal Reserve’s interest rate meeting, due for release on early October 31. The Third Plenary Session of the 18th Communist Party of China (CPC) Central Committee was confirmed to be held between November 9 and 12, reinforcing market expectations of China’s economic reform. In response, the Shanghai Composite Index surged more than 1.5%, pushing up SHFE lead prices to end Wednesday at RMB 14,470/mt. Trading volumes retreated 968 lots to 650 lots, while positions expanded 160 lots to 11,678 lots        

 
Key Words:  SHFE lead prices 

SMM Brief on SHFE Lead Futures (2013-10-30)

Price Review & Forecast 05:25:23PM Oct 30, 2013 Source:SMM

SHANGHAI, Oct. 30 (SMM) – The most active SHFE 1312 lead contract prices opened slightly lower at RMB 14,400/mt in morning trading on Wednesday, dragged down by a drop of LME lead prices stemming from the US tepid economic data overnight. At present, investors are in a jittery mood, as they are awaiting the final decision made in the US Federal Reserve’s interest rate meeting, due for release on early October 31. The Third Plenary Session of the 18th Communist Party of China (CPC) Central Committee was confirmed to be held between November 9 and 12, reinforcing market expectations of China’s economic reform. In response, the Shanghai Composite Index surged more than 1.5%, pushing up SHFE lead prices to end Wednesday at RMB 14,470/mt. Trading volumes retreated 968 lots to 650 lots, while positions expanded 160 lots to 11,678 lots        

 
Key Words:  SHFE lead prices