SMM Brief on SHFE Lead Futures (2013-4-19)-Shanghai Metals Market

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SMM Brief on SHFE Lead Futures (2013-4-19)

SMM Insight 08:58:48PM Apr 19, 2013 Source:SMM

SHANGHAI, Apr. 19 (SMM) – SHFE 1306 lead contract price gapped higher on Friday at RMB 13,785/mt with resistance at the 5-day moving average. Although financial stocks pushed the Shanghai Composite Index to rise as much as 2%, profit-taking ahead of the weekend and depressed investor confidence left SHFE lead vacillating between RMB 13,800-13,900/mt, with prices finally ending at RMB 13,865/mt, up RMB 255/mt or 1.87% from a day earlier. Trading volumes were up 16 lots to 212 lots, while positions were down 42 lots to 2,122 lots.

 

Key Words:  SHFE lead price 

SMM Brief on SHFE Lead Futures (2013-4-19)

SMM Insight 08:58:48PM Apr 19, 2013 Source:SMM

SHANGHAI, Apr. 19 (SMM) – SHFE 1306 lead contract price gapped higher on Friday at RMB 13,785/mt with resistance at the 5-day moving average. Although financial stocks pushed the Shanghai Composite Index to rise as much as 2%, profit-taking ahead of the weekend and depressed investor confidence left SHFE lead vacillating between RMB 13,800-13,900/mt, with prices finally ending at RMB 13,865/mt, up RMB 255/mt or 1.87% from a day earlier. Trading volumes were up 16 lots to 212 lots, while positions were down 42 lots to 2,122 lots.

 

Key Words:  SHFE lead price