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SMM Brief on SHFE Lead Futures (2013-4-25)
Apr 25,2013 16:01CST
smm insight
Source:SMM
On Thursday, SHFE 1306 lead contract price gapped higher at RMB 13,850/mt influenced by strong SHFE copper and stood above the lower Bollinger bank.

SHANGHAI, Apr. 25 (SMM) – On Thursday, SHFE 1306 lead contract price gapped higher at RMB 13,850/mt influenced by strong SHFE copper and stood above the lower Bollinger band, but still under resistance at the 10-day moving average. Prices hovered in a narrow range due to weak demand in spot market and finally closed at RMB 13,870/mt, up RMB 60/mt from a day ago. Traded volumes fell 58 lots to 94 lots, and positions fell 6 lots to 2,108 lots.

SHFE lead price

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