SMM Brief Review - 2012/7/30 SHFE Lead Futures-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • Production data
  • Market commentary
  • Macroeconomics
  • Morning comments
  • Aluminium
  • Copper
  • Stainless steel
  • Mengtai Group
  • hydrogen stations
  • Nickel
  • Iron ore
  • trade negotiations

SMM Brief Review - 2012/7/30 SHFE Lead Futures

SMM Insight 04:13:51PM Jul 30, 2012 Source:SMM

SHANGHAI, Jul. 30 (SMM) – SHFE lead prices moved weakly around the 60-day moving average after opening higher at RMB 15,075/mt July 30 under the influence of the increasing LME lead prices last Friday. In the afternoon, SHFE lead fell below RMB 15,000/mt to hover around RMB 14,980/mt since domestic stock markets fluctuated down, with prices closing down RMB 30/mt to RMB 14,970/mt. Trading volumes were up 194 lots to 388 lots, while positions fell 140 lots to 2,602 lots.

Key Words:  lead price   SHFE lead 

SMM Brief Review - 2012/7/30 SHFE Lead Futures

SMM Insight 04:13:51PM Jul 30, 2012 Source:SMM

SHANGHAI, Jul. 30 (SMM) – SHFE lead prices moved weakly around the 60-day moving average after opening higher at RMB 15,075/mt July 30 under the influence of the increasing LME lead prices last Friday. In the afternoon, SHFE lead fell below RMB 15,000/mt to hover around RMB 14,980/mt since domestic stock markets fluctuated down, with prices closing down RMB 30/mt to RMB 14,970/mt. Trading volumes were up 194 lots to 388 lots, while positions fell 140 lots to 2,602 lots.

Key Words:  lead price   SHFE lead