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SMM Brief Review - 2012/2/14 SHFE Lead Futures

iconFeb 14, 2012 16:43
Source:SMM
On Tuesday, the most active SHFE lead contract price opened below RMB 16,000/mt .

SHANGHAI, Feb 14 (SMM) – On Tuesday, the most active SHFE lead contract price opened below RMB 16,000/mt and fell slightly due to the downgrade of several eurozone countries and Spanish banks. In midday, SHFE lead prices were boosted by the increasing domestic stocks and rose to moving averages, but met resistance later due to increase in the US dollar index and falling LME lead prices. Prices finally closed at RMB 15,820/mt, down RMB 195/mt or 1.22%. Trading volumes increased by 64 lots to 240 lots, positions decreased by 176 lots to 1,384 lots.

SHFE lead
lead prices

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