Metals News
SMM Brief Review - 2012/7/23 SHFE Lead Futures
smm insight
Jul 23,2012

SHANGHAI, Jul. 23 (SMM) – SHFE lead prices moved down after gapping RMB 200/mt lower at RMB 14,805/mt July 23, but stabilized to touch RMB 14,900/mt with resistance at the 30-day moving average. In the afternoon, SHFE lead fell again to an intraday low of RMB 14,780/mt due to the slumping LME lead prices, to finally close at RMB 14,805/mt, down RMB 190/mt. Trading volumes were down 44 lots to 328 lots, while positions increased 64 lots to 2,586 lots.

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