SMM Brief Review - 2012/7/5 SHFE Lead Futures-Shanghai Metals Market

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SMM Brief Review - 2012/7/5 SHFE Lead Futures

SMM Insight 04:26:36PM Jul 05, 2012 Source:SMM

SHANGHAI, Jul. 5 (SMM) – On Thursday, caution prevailed in market and awaited interest rate decision to be released by the ECB. The most active SHFE lead contract price opened flat and moved around RMB 14,900/mt in the morning with transactions modest. At the tail of trading, SHFE lead prices hit a high of RMB 15,035/mt due to support from longs and closed at RMB 14,995/mt, up RMB 45/mt from the previous trading day. Trading volumes were down 388 lots to 188 lots, and positions were up 34 lots to 1,980 lots.

Key Words:  SHFE lead   lead price 

SMM Brief Review - 2012/7/5 SHFE Lead Futures

SMM Insight 04:26:36PM Jul 05, 2012 Source:SMM

SHANGHAI, Jul. 5 (SMM) – On Thursday, caution prevailed in market and awaited interest rate decision to be released by the ECB. The most active SHFE lead contract price opened flat and moved around RMB 14,900/mt in the morning with transactions modest. At the tail of trading, SHFE lead prices hit a high of RMB 15,035/mt due to support from longs and closed at RMB 14,995/mt, up RMB 45/mt from the previous trading day. Trading volumes were down 388 lots to 188 lots, and positions were up 34 lots to 1,980 lots.

Key Words:  SHFE lead   lead price