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SMM Brief Review - 2011/12/23 SHFE Lead Futures
Dec 23,2011 17:33CST
smm insight
Source:SMM
On Friday, SHFE 1202 lead contract prices opened RMB 120/mt higher at RMB 15,300/mt.

SHANGHAI, Dec. 23 (SMM) – On Friday, SHFE 1202 lead contract prices opened RMB 120/mt higher at RMB 15,300/mt, but fell slightly and moved around RMB 15,250/mt in the morning session. In the afternoon, prices rose to opening price but met resistance at the 30-day moving average, and finally closed at RMB 15,340/mt, up RMB 160/mt, or 1%. Trading volumes increased by 350 lots to 460 lots, and positions decreased by 58 lots to 1,404 lots.

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