Home / Metal News /  / SMM Brief on SHFE Lead Futures (2013-2-8)
SMM Brief on SHFE Lead Futures (2013-2-8)
Feb 8,2013 16:04CST
smm insight
Source:SMM
SHFE lead prices finally stopped falling and began rallying during the last trading day before the Chinese New Year holiday, after the losing streak for four consecutive days.

SHANGHAI, Feb. 8 (SMM) – SHFE lead prices finally stopped falling and began rallying during the last trading day before the Chinese New Year holiday, after the losing streak for four consecutive days. SHFE lead prices marched higher after opening at RMB 15,350/mt, and basically pared the previous trading day's losses, but still with pressure at the 20-day moving average. SHFE lead prices ended at RMB 15,390/mt, a gain of RMB 45/mt. Trading volumes decreased 32 lots to 40 lots, while positions added 8 lots to 2,466 lots.
 

SHFE lead prices
SHFE lead positions

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news