SMM Brief Review - 2012/2/15 SHFE Lead Futures

SMM Insight 04:29:45PM Feb 15, 2012 Source:SMM

SHANGHAI, Feb 15 (SMM) – On Wednesday, positions for SHFE 1204 lead contract increased by 334 lots to 1,608 lots. SHFE 1204 lead contract become the most active one, with the trading volumes increasing by 118 lots to 572 lots. In the morning, SHFE lead prices opened at the lowest point since January 19 and moved around moving averages. Despite the rebound along with the rising domestic stocks after 10:30, prices later fell slightly to surrender earlier gains with resistance at the 20-day moving average and due to the falling LME lead prices. SHFE lead prices finally closed at RMB 15,890/mt, up RMB 20/mt.

SMM Brief Review - 2012/2/15 SHFE Lead Futures

SMM Insight 04:29:45PM Feb 15, 2012 Source:SMM

SHANGHAI, Feb 15 (SMM) – On Wednesday, positions for SHFE 1204 lead contract increased by 334 lots to 1,608 lots. SHFE 1204 lead contract become the most active one, with the trading volumes increasing by 118 lots to 572 lots. In the morning, SHFE lead prices opened at the lowest point since January 19 and moved around moving averages. Despite the rebound along with the rising domestic stocks after 10:30, prices later fell slightly to surrender earlier gains with resistance at the 20-day moving average and due to the falling LME lead prices. SHFE lead prices finally closed at RMB 15,890/mt, up RMB 20/mt.