Home / Metal News / Nickel / SMM Brief Review - 2012/3/7 SHFE Lead Futures
SMM Brief Review - 2012/3/7 SHFE Lead Futures
Mar 7,2012 15:48CST
smm insight
Source:SMM
On Wednesday, SHFE lead prices opened below the 60-day moving average and moved around RMB 15,660/mt .

SHANGHAI, Mar. 7 (SMM) – On Wednesday, SHFE lead prices opened below the 60-day moving average and moved around RMB 15,660/mt due to the plunge of LME lead prices overnight. In the morning, SHFE lead prices failed to move up along with Chinese domestic stocks and LME lead prices and kept hovering around RMB 15,670/mt. In the afternoon, prices continued the weak track and finally closed at RMB 15,630/mt. Traded volumes increased by 288 lots to 578 lots and positions were down 224 lots to 1,338 lots.

SHFE lead
lead price

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news