SMM Brief Review - 2012/6/7 SHFE Lead Futures-Shanghai Metals Market

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SMM Brief Review - 2012/6/7 SHFE Lead Futures

SMM Insight 05:17:19PM Jun 07, 2012 Source:SMM

SHANGHAI, Jun. 7 (SMM) – On Thursday, SHFE lead prices opened RMB 75/mt higher at RMB 15,120/mt and moved around RMB 15,105/mt since Chief of ECB and officials of the Fed expressed intention of adopting further stimulus policies. In the afternoon, SHFE lead prices were under downward pressures due to rally of the US dollar index but gained strong support at the 5-day moving average to close at RMB 15,030/mt. Trading volumes fell by 76 lots to 76 lots, while positions were up 14 lots to 2,142 lots.

SMM Brief Review - 2012/6/7 SHFE Lead Futures

SMM Insight 05:17:19PM Jun 07, 2012 Source:SMM

SHANGHAI, Jun. 7 (SMM) – On Thursday, SHFE lead prices opened RMB 75/mt higher at RMB 15,120/mt and moved around RMB 15,105/mt since Chief of ECB and officials of the Fed expressed intention of adopting further stimulus policies. In the afternoon, SHFE lead prices were under downward pressures due to rally of the US dollar index but gained strong support at the 5-day moving average to close at RMB 15,030/mt. Trading volumes fell by 76 lots to 76 lots, while positions were up 14 lots to 2,142 lots.