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

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

SMM Insight 12:16:25AM Jul 07, 2012 Source:SMM

SHANGHAI, Jul. 6 (SMM) – As the interest rate cuts announced Thursday night failed to boost the market, SHFE lead prices opened lower at RMB 14,950/mt Friday and fell to a low of RMB 14,850/mt. Prices moved narrowly within RMB 100/mt band and stopped falling at the tail of trading influenced by Chinese domestic stocks to finally close at RMB 14,930/mt, down RMB 65/mt from the previous trading day. Trading volumes were up 10 lots to 198 lots, and positions were up 64 lots to 2,044 lots.

Key Words:  SHFE lead   lead price 

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

SMM Insight 12:16:25AM Jul 07, 2012 Source:SMM

SHANGHAI, Jul. 6 (SMM) – As the interest rate cuts announced Thursday night failed to boost the market, SHFE lead prices opened lower at RMB 14,950/mt Friday and fell to a low of RMB 14,850/mt. Prices moved narrowly within RMB 100/mt band and stopped falling at the tail of trading influenced by Chinese domestic stocks to finally close at RMB 14,930/mt, down RMB 65/mt from the previous trading day. Trading volumes were up 10 lots to 198 lots, and positions were up 64 lots to 2,044 lots.

Key Words:  SHFE lead   lead price