SMM Brief Review - 2012/2/3 SHFE Lead Futures

SMM Insight 05:43:31PM Feb 03, 2012 Source:SMM

SHANGHAI, Feb 3 (SMM) – On Friday, SHFE lead prices opened RMB 100/mt lower at RMB 15,990/mt influenced by LME lead price, and then rose to RMB 16,100/mt with pressure at the 5-day moving average. In the afternoon, prices continued to increase and stood above the 16,100/mt level to finally close at RMB 16,145/mt, up RMB 20/mt. Trading volumes increased by 214 lots to 312 lots, and positions increased by 46 lots to 1,904 lots.

SMM Brief Review - 2012/2/3 SHFE Lead Futures

SMM Insight 05:43:31PM Feb 03, 2012 Source:SMM

SHANGHAI, Feb 3 (SMM) – On Friday, SHFE lead prices opened RMB 100/mt lower at RMB 15,990/mt influenced by LME lead price, and then rose to RMB 16,100/mt with pressure at the 5-day moving average. In the afternoon, prices continued to increase and stood above the 16,100/mt level to finally close at RMB 16,145/mt, up RMB 20/mt. Trading volumes increased by 214 lots to 312 lots, and positions increased by 46 lots to 1,904 lots.