SMM Brief on SHFE Lead Futures (2013-4-10)-Shanghai Metals Market

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SMM Brief on SHFE Lead Futures (2013-4-10)

SMM Insight 05:29:15PM Apr 10, 2013 Source:SMM

SHANGHAI, Apr. 10 (SMM) – Although LME lead prices increased 1.35% overnight, SHFE 1306 lead contract price only moved around RMB 14,480/mt on April 10 after opening higher at RMB 14,500/mt due to resistance at the 10-day moving average. Prices then fell to RMB 14,450/mt as base metals weakened, ad finally closed at RMB 14,480/mt, flat with a day earlier. Trading volumes were down 20 lots to 62 lots, and positions only edged up 6 lots to 2,130 lots.

 

Key Words:  SHFE lead price 

SMM Brief on SHFE Lead Futures (2013-4-10)

SMM Insight 05:29:15PM Apr 10, 2013 Source:SMM

SHANGHAI, Apr. 10 (SMM) – Although LME lead prices increased 1.35% overnight, SHFE 1306 lead contract price only moved around RMB 14,480/mt on April 10 after opening higher at RMB 14,500/mt due to resistance at the 10-day moving average. Prices then fell to RMB 14,450/mt as base metals weakened, ad finally closed at RMB 14,480/mt, flat with a day earlier. Trading volumes were down 20 lots to 62 lots, and positions only edged up 6 lots to 2,130 lots.

 

Key Words:  SHFE lead price