SMM Brief Review - 2012/6/13 SHFE Lead Futures-Shanghai Metals Market

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SMM Brief Review - 2012/6/13 SHFE Lead Futures

SMM Insight 03:55:09PM Jun 13, 2012 Source:SMM

SHANGHAI, Jun. 13 (SMM) – Market players remained cautious as Spanish bond yields surged to a new high since the introduction of the Euro and due to the upcoming Greek election. SHFE lead prices opened at RMB 15,035/mt and moved narrowly between RMB 15,000-15,020/mt Wednesday, to finally close at RMB 15,015/mt, down RMB 10/mt from the previous trading day. SHFE lead prices were still under resistance at the 5 and 10-day moving averages. Trading volumes rose by 106 lots to 210 lots, and positions were up 18 lots to 2,218 lots.

Key Words:  SHFE lead   lead price 

SMM Brief Review - 2012/6/13 SHFE Lead Futures

SMM Insight 03:55:09PM Jun 13, 2012 Source:SMM

SHANGHAI, Jun. 13 (SMM) – Market players remained cautious as Spanish bond yields surged to a new high since the introduction of the Euro and due to the upcoming Greek election. SHFE lead prices opened at RMB 15,035/mt and moved narrowly between RMB 15,000-15,020/mt Wednesday, to finally close at RMB 15,015/mt, down RMB 10/mt from the previous trading day. SHFE lead prices were still under resistance at the 5 and 10-day moving averages. Trading volumes rose by 106 lots to 210 lots, and positions were up 18 lots to 2,218 lots.

Key Words:  SHFE lead   lead price