SMM Brief on SHFE Lead Futures (2013-2-25)

Feb 25, 2013 18:49

SHFE lead prices opened lower and hovered t RMB 14,970-15,050/mt on Monday.

SHANGHAI, Feb. 25 (SMM) – Market concerns over future demand and sharp decline in base metal prices last Friday resulted in significant decrease in positions for the most active SHFE lead contract, with price opening lower on Monday and hovered t RMB 14,970-15,050/mt. SHFE lead prices ended RMB 60/mt higher at RMB 15,175/mt due to the increase in domestic stocks, with resistance at the 5-day moving average. Trading volumes were down 204 lots to 196 lots, while positions were down 78 lots to 2,254 lots.

SHFE lead prices

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SMM Brief on SHFE Lead Futures (2013-2-25)

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