SMM Brief Review - 2012/1/16 SHFE Lead Futures-Shanghai Metals Market

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SMM Brief Review - 2012/1/16 SHFE Lead Futures

SMM Insight 04:02:11PM Jan 16, 2012 Source:SMM

SHANGHAI, Jan. 16 (SMM) – SHFE lead prices opened lower at RMB 15,350/mt on Monday and dipped briefly to RMB 15,265/mt influenced by LME lead prices, but later stopped falling and moved around the moving averages. In the afternoon, SHFE lead prices rose to touch RMB 15,495/mt along with the rising LME lead prices but lacked upward momentum, with prices finally closed at RMB 15,420/mt. Trading volumes decreased by 96 lots to 368 lots, and positions increased by 148 lots to 2,034 lots.

SMM Brief Review - 2012/1/16 SHFE Lead Futures

SMM Insight 04:02:11PM Jan 16, 2012 Source:SMM

SHANGHAI, Jan. 16 (SMM) – SHFE lead prices opened lower at RMB 15,350/mt on Monday and dipped briefly to RMB 15,265/mt influenced by LME lead prices, but later stopped falling and moved around the moving averages. In the afternoon, SHFE lead prices rose to touch RMB 15,495/mt along with the rising LME lead prices but lacked upward momentum, with prices finally closed at RMB 15,420/mt. Trading volumes decreased by 96 lots to 368 lots, and positions increased by 148 lots to 2,034 lots.