SMM Brief on SHFE Lead Futures (2013-2-6)-Shanghai Metals Market

Hot Keywords

  • Nickel market
  • Market commentary
  • Silicon
  • zinc
  • Copper
  • Aluminium
  • Inventory data
  • Zinc
  • Nickel
  • Production data
  • Morning comments
  • MMi Iron Ore Port Index
  • Customs data
  • Silicon metal
  • Nickel pig iron

SMM Brief on SHFE Lead Futures (2013-2-6)

SMM Insight 05:55:53PM Feb 06, 2013 Source:SMM

SHANGHAI, Feb. 6 (SMM) – The 1304 SHFE lead contract price started at RMB 15,500/mt on January 6 with resistance at the 5-day moving average. In the afternoon, as LME lead prices fell and as some investors booked profits and left the market, SHFE lead prices moved down to RMB 15,410/mt to finally end at RMB 15,400/mt with strong support at the 20-day moving average. Trading volumes fell 162 lots to 56 lots, while positions were up 10 lots to 2,442 lots.
 

Key Words:  SHFE lead prices 

SMM Brief on SHFE Lead Futures (2013-2-6)

SMM Insight 05:55:53PM Feb 06, 2013 Source:SMM

SHANGHAI, Feb. 6 (SMM) – The 1304 SHFE lead contract price started at RMB 15,500/mt on January 6 with resistance at the 5-day moving average. In the afternoon, as LME lead prices fell and as some investors booked profits and left the market, SHFE lead prices moved down to RMB 15,410/mt to finally end at RMB 15,400/mt with strong support at the 20-day moving average. Trading volumes fell 162 lots to 56 lots, while positions were up 10 lots to 2,442 lots.
 

Key Words:  SHFE lead prices