SMM Brief Review - 2012/6/6 SHFE Lead Futures-Shanghai Metals Market

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SMM Brief Review - 2012/6/6 SHFE Lead Futures

SMM Insight 03:51:15PM Jun 06, 2012 Source:SMM

SHANGHAI, Jun. 6 (SMM) – On Wednesday, SHFE lead prices, influenced by LME lead prices, opened higher at RMB 15,070/mt and stabilized to rise to RMB 15,110/mt. Later, however, SHFE lead prices met resistance at the 10-day moving average and fell to RMB 15,060/mt at midday, with prices finally closing at RMB 15,045/mt. Trading volumes fell by 30 lots to 152 lots, while positions were up 36 lots to 2,128 lots.

Key Words:  SHFE lead   lead price 

SMM Brief Review - 2012/6/6 SHFE Lead Futures

SMM Insight 03:51:15PM Jun 06, 2012 Source:SMM

SHANGHAI, Jun. 6 (SMM) – On Wednesday, SHFE lead prices, influenced by LME lead prices, opened higher at RMB 15,070/mt and stabilized to rise to RMB 15,110/mt. Later, however, SHFE lead prices met resistance at the 10-day moving average and fell to RMB 15,060/mt at midday, with prices finally closing at RMB 15,045/mt. Trading volumes fell by 30 lots to 152 lots, while positions were up 36 lots to 2,128 lots.

Key Words:  SHFE lead   lead price