Home / Metal News / SMM Brief on SHFE Lead Futures (2013-2-6)

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

iconFeb 6, 2013 17:55
Source:SMM
The 1304 SHFE lead contract price started at RMB 15,500/mt on January 6 with resistance at the 5-day moving average.

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.
 

SHFE lead prices

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All