SMM Brief Review - 2012/2/6 SHFE Lead Futures-Shanghai Metals Market

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SMM Brief Review - 2012/2/6 SHFE Lead Futures

SMM Insight 05:10:32PM Feb 06, 2012 Source:SMM

SHANGHAI, Feb. 6 (SMM) – On Monday, SHFE lead prices opened higher at RMB 16,265/mt due to the above-expected US employment figures. However, investors' confidence was depressed as Greece failed to reach any agreement on a new debt deal and EU finance ministers’ meeting was adjourned accordingly. Thus, the US dollar index rose, with SHFE lead prices under pressure at moving averages and finally closing at RMB 16,245/mt, up RMB 170/mt. Trading volumes increased by 28 lots to 242 lots, and positions for SHFE three-month contract decreased by 60 lots to 1,844 lots.

Price

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#1 Lead
Apr.22
16600.0
50.0
(0.30%)
T/C for domestic lead concentrate
Apr.01
1850.0
0.0
(0.00%)
T/C for imported lead concentrate
Apr.01
27.5
0.0
(0.00%)
#2 Lead
Apr.22
16525.0
25.0
(0.15%)
Secondary Lead
Apr.22
16125.0
25.0
(0.16%)

SMM Brief Review - 2012/2/6 SHFE Lead Futures

SMM Insight 05:10:32PM Feb 06, 2012 Source:SMM

SHANGHAI, Feb. 6 (SMM) – On Monday, SHFE lead prices opened higher at RMB 16,265/mt due to the above-expected US employment figures. However, investors' confidence was depressed as Greece failed to reach any agreement on a new debt deal and EU finance ministers’ meeting was adjourned accordingly. Thus, the US dollar index rose, with SHFE lead prices under pressure at moving averages and finally closing at RMB 16,245/mt, up RMB 170/mt. Trading volumes increased by 28 lots to 242 lots, and positions for SHFE three-month contract decreased by 60 lots to 1,844 lots.