SMM Brief Review - 2012/6/12 SHFE Lead Futures-Shanghai Metals Market

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SMM Brief Review - 2012/6/12 SHFE Lead Futures

SMM Insight 05:30:07PM Jun 12, 2012 Source:SMM

SHANGHAI, Jun. 12 (SMM) – Market holds a wait-and-see attitude before the Greek election, and LME lead prices follow a weak trend overnight, so SHFE lead prices opened at RMB 14,950/mt Tuesday under downward pressures. SHFE lead prices then sank to dip to a low of RMB 14,190/mt but gained buying support later and rose to move around RMB 15,000/mt, with prices finally closing at RMB 15,025/mt, down RMB 75/mt. Trading volumes were up 2 lots to 102 lots and positions were up 40 lots to 2200 lots.

Key Words:  SHFE lead   lead price 

SMM Brief Review - 2012/6/12 SHFE Lead Futures

SMM Insight 05:30:07PM Jun 12, 2012 Source:SMM

SHANGHAI, Jun. 12 (SMM) – Market holds a wait-and-see attitude before the Greek election, and LME lead prices follow a weak trend overnight, so SHFE lead prices opened at RMB 14,950/mt Tuesday under downward pressures. SHFE lead prices then sank to dip to a low of RMB 14,190/mt but gained buying support later and rose to move around RMB 15,000/mt, with prices finally closing at RMB 15,025/mt, down RMB 75/mt. Trading volumes were up 2 lots to 102 lots and positions were up 40 lots to 2200 lots.

Key Words:  SHFE lead   lead price