SMM Brief Review - 2011/12/14 SHFE Lead Futures

Dec 14, 2011 16:16

On Wednesday, SHFE lead prices opened lower at RMB 15,490/mt with pressure at the 20-day moving average.

SHANGHAI, Dec. 14 (SMM) – On Wednesday, SHFE lead prices opened lower at RMB 15,490/mt with pressure at the 20-day moving average, and then moved between RMB 15,340-15,370/mt. In the afternoon, SHFE lead prices remained weak trend and dipped to RMB 15,255/mt at the tail of trading due to drop in both Chinese stocks and LME lead prices, but gained support at the 30-day moving average, with prices finally closing at RMB 15,320/mt, down RMB 200/mt, or 1.3%. Trading volumes increased by 444 lots to 688 lots, and positions decreased by 306 lots to 1,536 lots.

SHFE lead prices

trading volumes

positions

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SMM Brief Review - 2011/12/14 SHFE Lead Futures

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