SMM Brief Review - 2012/7/10 SHFE Lead Futures-Shanghai Metals Market

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SMM Brief Review - 2012/7/10 SHFE Lead Futures

SMM Insight 04:13:54PM Jul 10, 2012 Source:SMM

SHANGHAI, Jul. 10 (SMM) – On Tuesday, SHFE lead prices opened RMB 60/mt higher at RMB 14,900/mt under the influence of LME lead prices overnight. Later, SHFE lead prices moved within the RMB 14,890-14,920/mt and fluctuated down at the tail of trading along with domestic stocks to finally close at RMB 14,875/mt, up RMB 35/mt, with support at the 20-day moving average and resistance at the 30-day moving average. Trading volumes were down 118 lots to 104 lots, and positions were up 14 lots to 2,150 lots.

Key Words:  SHFE lead   lead price 

SMM Brief Review - 2012/7/10 SHFE Lead Futures

SMM Insight 04:13:54PM Jul 10, 2012 Source:SMM

SHANGHAI, Jul. 10 (SMM) – On Tuesday, SHFE lead prices opened RMB 60/mt higher at RMB 14,900/mt under the influence of LME lead prices overnight. Later, SHFE lead prices moved within the RMB 14,890-14,920/mt and fluctuated down at the tail of trading along with domestic stocks to finally close at RMB 14,875/mt, up RMB 35/mt, with support at the 20-day moving average and resistance at the 30-day moving average. Trading volumes were down 118 lots to 104 lots, and positions were up 14 lots to 2,150 lots.

Key Words:  SHFE lead   lead price