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SMM Brief Review - 2012/3/28 SHFE Lead Futures
Mar 28,2012 16:06CST
smm insight
Source:SMM
On Wednesday, SHFE lead prices opened slight lower at RMB 15,570/mt with resistance at the 5-day moving average.

SHANGHAI, Mar. 28 (SMM) – On Wednesday, SHFE lead prices opened slight lower at RMB 15,570/mt with resistance at the 5-day moving average, and moved between RMB 15,580-15,620/mt. In the afternoon, SHFE lead prices fell and dipped as low as RMB 15,450/mt, the lowest point of the year, with prices finally closing at RMB 15,475/mt, down RMB 150/mt. Trading volumes increased by 168 lots to 532 lots and positions were up 200 lots to 2,280 lots.

SHFE lead
lead price

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