SMM Brief Review - 2012/2/28 SHFE Lead Futures-Shanghai Metals Market

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

SMM Insight 04:44:17PM Feb 28, 2012 Source:SMM

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.

Key Words:  SHFE lead   lead price 

Price

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Aluminum Ingot
Apr.22
14130.0
80.0
(0.57%)
Alumina (Averaged)
Apr.22
2675.0
10.0
(0.38%)
Alumina-East
Apr.22
2690.0
10.0
(0.37%)
Alumina -Central
Apr.22
2680.0
10.0
(0.37%)
Alumina - North
Apr.22
2670.0
10.0
(0.38%)

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

SMM Insight 04:44:17PM Feb 28, 2012 Source:SMM

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.

Key Words:  SHFE lead   lead price