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

SMM Insight 04:43:20PM Feb 14, 2012 Source:SMM

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.

Key Words:  SHFE lead   lead prices 

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

SMM Insight 04:43:20PM Feb 14, 2012 Source:SMM

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.

Key Words:  SHFE lead   lead prices