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SMM Brief Review - 2011/12/19 SHFE Lead Futures
Dec 19,2011 16:23CST
smm insight
Source:SMM
On Monday, SHFE 1202 lead contract fell sharply after opening at RMB 15,205/mt.

SHANGHAI, Dec. 19 (SMM) – On Monday, SHFE 1202 lead contract fell sharply after opening at RMB 15,205/mt. Then prices gained support at RMB 15,070/mt level briefly and fluctuated between RMB 15,070-15,110/mt. In the afternoon, SHFE lead prices rose and touched RMB 15,230/mt due to rebound in domestic stock market, but met resistance at the 5-day moving average for the lack of upward momentum, and moved between RMB 15,110-15,150/mt. Prices finally closed at RMB 15,100/mt, down RMB 200/mt, or 1.3%. Trading volumes increased by 102 lots to 652 lots, and positions increased by 112 lots to 1,420 lots.

SHFE 1202 lead contract
lead prices
trading volumes
positions

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