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The Shanghai Futures Exchange (SHFE) will launch lead futures for hedging by smelters on March 24. The contract period for the futures will range from September 2011 to March 2012, with the deposit for each contract set ..
20 Mar 2011
SHANGHAI (Commodity Online):The Shanghai Futures Exchange (SHFE) will launch lead futures for hedging by smelters on March 24. The contract period for the futures will range from September 2011 to March 2012, with the deposit for each contract set at 11 percent of its value, the SHFE said.

The daily movement limit is set at 6 percent and each lot size is 25 tonnes. The higher lot size (five times that of existing copper, aluminium and zinc contracts is expected to keep small investors from speculating, analysts said.

The introduction of lead futures in China, the world's largest producer and consumer of the metal, will be welcomed by domestic producers because it will give them an avenue to manage price fluctuations.

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