SMM Brief Review - 2012/7/9 SHFE Lead Futures-Shanghai Metals Market

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SMM Brief Review - 2012/7/9 SHFE Lead Futures

SMM Insight 05:26:47PM Jul 09, 2012 Source:SMM

SHANGHAI, Jul. 9 (SMM) – On Monday, SHFE lead prices opened slightly lower at RMB 14,855/mt influenced by the lower-than-expected US non-farm payroll data released last Friday. In the morning, China’s June CPI was reported up 2.2% and PPI down 2.1%, within market expectations. In response, SHFE lead prices fluctuated narrowly between RMB 14,820-14,880/mt to finally close at RMB 14,840/mt with pressure at the 20-day moving average, down RMB 90/mt. Trading volumes were up 24 lots to 222 lots, and positions were up 92 lots to 2,136 lots.

Key Words:  SHFE lead   lead price 

SMM Brief Review - 2012/7/9 SHFE Lead Futures

SMM Insight 05:26:47PM Jul 09, 2012 Source:SMM

SHANGHAI, Jul. 9 (SMM) – On Monday, SHFE lead prices opened slightly lower at RMB 14,855/mt influenced by the lower-than-expected US non-farm payroll data released last Friday. In the morning, China’s June CPI was reported up 2.2% and PPI down 2.1%, within market expectations. In response, SHFE lead prices fluctuated narrowly between RMB 14,820-14,880/mt to finally close at RMB 14,840/mt with pressure at the 20-day moving average, down RMB 90/mt. Trading volumes were up 24 lots to 222 lots, and positions were up 92 lots to 2,136 lots.

Key Words:  SHFE lead   lead price