SMM Brief on SHFE Lead Futures (2013-4-26)-Shanghai Metals Market

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SMM Brief on SHFE Lead Futures (2013-4-26)

SMM Insight 05:23:29PM Apr 26, 2013 Source:SMM
SHANGHAI, Apr. 26 (SMM) – SHFE 1306 lead contract price opened higher at RMB 13,945/mt as expected on Friday and soon rallied to RMB 13,990/mt, but resistance at RMB 14,000/mt was evident. Later, as the Shanghai Composite Index fluctuated down and as spot lead demand was weak, SHFE lead fell to move around RMB 13,850/mt and closed the day at RMB 13,875/mt. Traded volumes increased 94 lots to 188 lots, while positions increased 38 lots to 2,146 lots. 
 
Key Words:  SHFE lead price 

SMM Brief on SHFE Lead Futures (2013-4-26)

SMM Insight 05:23:29PM Apr 26, 2013 Source:SMM
SHANGHAI, Apr. 26 (SMM) – SHFE 1306 lead contract price opened higher at RMB 13,945/mt as expected on Friday and soon rallied to RMB 13,990/mt, but resistance at RMB 14,000/mt was evident. Later, as the Shanghai Composite Index fluctuated down and as spot lead demand was weak, SHFE lead fell to move around RMB 13,850/mt and closed the day at RMB 13,875/mt. Traded volumes increased 94 lots to 188 lots, while positions increased 38 lots to 2,146 lots. 
 
Key Words:  SHFE lead price