SMM Brief on SHFE Lead Futures (2013-1-4)
SHANGHAI, Jan. 4 (SMM) – The most active SHFE lead contract price opened RMB 50/mt higher at RMB 15,315/mt on Friday and fell quickly. Given the weak spot lead market, SHFE lead prices hovered between RMB 15,230-15,265/mt with support at the 5-day moving average, and finally closed at RMB 15,250/mt, down RMB 15/mt. Trading volumes were up 200 lots to 402 lots, and positions fell 54 lots to 2,388 lots.
SHFE lead prices
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