SMM Brief Review - 2012/7/27 SHFE Lead Futures-Shanghai Metals Market

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SMM Brief Review - 2012/7/27 SHFE Lead Futures

SMM Insight 03:59:20PM Jul 27, 2012 Source:SMM

SHANGHAI, Jul. 27 (SMM) – SHFE lead prices rose after opening higher at RMB 14,835/mt July 27 due to the news that the ECB promised to save the euro and influence from LME lead prices. SHFE lead fluctuated up and gained strong buying support at RMB 14,950/mt, regaining the losses since early this week, with prices finally closing at RMB 15,000/mt, up RMB 210/mt. Trading volumes were down 10 lots to 194 lots, while positions fell 50 lots to 2,742 lots.
 

Key Words:  lead price   SHFE lead 

SMM Brief Review - 2012/7/27 SHFE Lead Futures

SMM Insight 03:59:20PM Jul 27, 2012 Source:SMM

SHANGHAI, Jul. 27 (SMM) – SHFE lead prices rose after opening higher at RMB 14,835/mt July 27 due to the news that the ECB promised to save the euro and influence from LME lead prices. SHFE lead fluctuated up and gained strong buying support at RMB 14,950/mt, regaining the losses since early this week, with prices finally closing at RMB 15,000/mt, up RMB 210/mt. Trading volumes were down 10 lots to 194 lots, while positions fell 50 lots to 2,742 lots.
 

Key Words:  lead price   SHFE lead