Date: March 25, 2011
Source: Economic Daily

　　Lead futures, the first commodity futures listed in 2011, will be traded at Shanghai Futures Exchange (SHFE). Shang Fulin, Chairman of China Securities Regulatory Commission said that China has become the world’s largest producer and consumer of lead, and the listing of lead futures can help optimize the lead price formation mechanism, and provide cheap-but-efficient risk controlling methods for the production, circulation and consumption of lead.
　　Statistics from SHFE showed that as many as 74,200 contracts of lead futures were traded during the first day, with a total turnover of RMB35.464 billion. The dominant contract of September opened at RMB19,230/ton, but finished lower at intraday, and closed at RMB18,935/ton, up 3.19% than the benchmark price.