SMM Brief Review - 2012/2/28 SHFE Lead Futures

SHANGHAI, Feb. 28 (SMM) – On Tuesday, SHFE lead prices opened higher at RMB 16,200/mt and moved above the moving averages in the morning due to the positive US economic data. In the afternoon, the US dollar index fell, SHFE lead prices rose to RMB 16,360/mt, the intraday high and a new high since February. Later, SHFE lead prices fell to RMB 16,300/mt and finally closed at RMB 16,310/mt, up RMB 160/mt. Trading volumes increased by 150 lots to 628 lots and positions were up 26 to 1,942 lots.