SMM Brief Review - 2012/1/10 SHFE Lead Futures-Shanghai Metals Market

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SMM Brief Review - 2012/1/10 SHFE Lead Futures

SMM Insight 03:39:18PM Jan 10, 2012 Source:SMM

SHANGHAI, Jan. 10 (SMM) – SHFE 1203 lead contract prices fluctuated narrowly between RMB 15,120-15,170/mt after opening at RMB 15,200/mt on Tuesday. In the afternoon, influenced by the hike in Chinese domestic stocks and LME lead prices, SHFE lead prices rose from RMB 15,150/mt to RMB 15,330/mt, but met resistance at the 30-day moving average. Prices finally closed at RMB 15,275/mt, up RMB 95/mt. Trading volumes decreased by 200 lots to 364 lots, and positions increased by 170 lots to 1,452 lots.
 

SMM Brief Review - 2012/1/10 SHFE Lead Futures

SMM Insight 03:39:18PM Jan 10, 2012 Source:SMM

SHANGHAI, Jan. 10 (SMM) – SHFE 1203 lead contract prices fluctuated narrowly between RMB 15,120-15,170/mt after opening at RMB 15,200/mt on Tuesday. In the afternoon, influenced by the hike in Chinese domestic stocks and LME lead prices, SHFE lead prices rose from RMB 15,150/mt to RMB 15,330/mt, but met resistance at the 30-day moving average. Prices finally closed at RMB 15,275/mt, up RMB 95/mt. Trading volumes decreased by 200 lots to 364 lots, and positions increased by 170 lots to 1,452 lots.