SMM Brief Review - 2012/1/11 SHFE Lead Futures-Shanghai Metals Market

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SMM Brief Review - 2012/1/11 SHFE Lead Futures

SMM Insight 03:52:11PM Jan 11, 2012 Source:SMM

SHANGHAI, Jan. 11 (SMM) – SHFE 1203 lead contract prices, influenced by rising LME lead prices, opened about RMB 100/mt higher at RMB 15,350/mt on Wednesday. Prices briefly dipped to RMB 15,225/mt after opening in the afternoon, but then rose to move around moving averages. With resistance at the 30-day moving average, SHFE lead prices finally closed at RMB 15,335/mt, up RMB 60/mt. Trading volumes decreased by 98 lots to 266 lots, and positions increased by 102 lots to 1,554 lots.
 

SMM Brief Review - 2012/1/11 SHFE Lead Futures

SMM Insight 03:52:11PM Jan 11, 2012 Source:SMM

SHANGHAI, Jan. 11 (SMM) – SHFE 1203 lead contract prices, influenced by rising LME lead prices, opened about RMB 100/mt higher at RMB 15,350/mt on Wednesday. Prices briefly dipped to RMB 15,225/mt after opening in the afternoon, but then rose to move around moving averages. With resistance at the 30-day moving average, SHFE lead prices finally closed at RMB 15,335/mt, up RMB 60/mt. Trading volumes decreased by 98 lots to 266 lots, and positions increased by 102 lots to 1,554 lots.