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SMM Brief on SHFE Lead Futures (2013-4-11)
SHANGHAI, Apr. 11 (SMM) – The most active SHFE lead contract price started at RMB 14,400/mt on Thursday and rallied to RMB 14,480/mt, but failed to broke through the resistance at RMB 14,500/mt due to weak demand and falling domestic stocks. Prices thus closed at RMB 14,440/mt, down RMB 40/mt from a day earlier. Trading volumes increased 32 lots to 94 lots, while positions increased 12 lots to 2,142 lots.
SMM Brief on SHFE Lead Futures (2013-4-11)
SHANGHAI, Apr. 11 (SMM) – The most active SHFE lead contract price started at RMB 14,400/mt on Thursday and rallied to RMB 14,480/mt, but failed to broke through the resistance at RMB 14,500/mt due to weak demand and falling domestic stocks. Prices thus closed at RMB 14,440/mt, down RMB 40/mt from a day earlier. Trading volumes increased 32 lots to 94 lots, while positions increased 12 lots to 2,142 lots.
