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SMM Brief on SHFE Lead Futures (2013-2-28)
Feb 28,2013 15:33CST
smm insight
Source:SMM
SHFE lead prices opened at RMB 15,050/mt on February 28 and moved around RMB 15,020/mt in the morning trading hours.

SHANGHAI, Feb. 28 (SMM) – SHFE lead prices opened at RMB 15,050/mt on February 28 and moved around RMB 15,020/mt in the morning trading hours with resistance at the 5-day moving average. In the afternoon, lower positions and weakening power of longs, combined with sluggish demand, hurt market confidence and drove SHFE lead prices to fall to close at RMB 14,990/mt, down RMB 40/mt. Trading volumes were dropped 48 lots to 148 lots, while positions were down 8 lots to 2,124 lots.
 

SHFE lead prices

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