SMM Brief Review - 2012/2/27 SHFE Lead Futures

SHANGHAI, Feb. 27 (SMM) – On Monday, SHFE lead prices opened at RMB 16,150/mt and fell after rising first. In the afternoon, SHFE lead prices moved above the moving averages and touched a high of RMB 16,195/mt due to the rise in both domestic stocks and LME lead prices. However, prices fell later as the US dollar index increased and surrendered earlier gains to finally close at RMB 16,130/mt, up RMB 145/mt. Trading volumes increased by 66 lots to 478 lots and positions were down 108 to 1,916 lots.