SMM Brief Review - 2012/7/17 SHFE Lead Futures-Shanghai Metals Market

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SMM Brief Review - 2012/7/17 SHFE Lead Futures

SMM Insight 03:54:18PM Jul 17, 2012 Source:SMM

SHANGHAI, Jul. 17 (SMM) – SHFE lead prices touched a high of RMB 15,065/mt after opening higher at RMB 14,995/mt Tuesday, the highest level since mid-June. However, prices did not extend the increase and only moved around RMB 15,000/mt. In the afternoon, SHFE lead moved down to RMB 14,970/mt to end the day at RMB 14,960/mt with strong support at the 10-day and 30-day moving average. Trading volumes were up 30 lots to 386 lots, while positions were down 20 lots to 2,402 lots.

Key Words:  lead price   SHFE lead 

SMM Brief Review - 2012/7/17 SHFE Lead Futures

SMM Insight 03:54:18PM Jul 17, 2012 Source:SMM

SHANGHAI, Jul. 17 (SMM) – SHFE lead prices touched a high of RMB 15,065/mt after opening higher at RMB 14,995/mt Tuesday, the highest level since mid-June. However, prices did not extend the increase and only moved around RMB 15,000/mt. In the afternoon, SHFE lead moved down to RMB 14,970/mt to end the day at RMB 14,960/mt with strong support at the 10-day and 30-day moving average. Trading volumes were up 30 lots to 386 lots, while positions were down 20 lots to 2,402 lots.

Key Words:  lead price   SHFE lead