SMM Brief on SHFE Lead Futures (2013-7-25)

Jul 25, 2013 17:50

SHFE 1309 lead contract price opened at RMB 13,865/mt on June 25 and dipped to RMB 13,840/mt near the midday due to pressure from shorts.

SHANGHAI, Jul. 25 (SMM) – SHFE 1309 lead contract price opened at RMB 13,865/mt on June 25 and dipped to RMB 13,840/mt near the midday due to pressure from shorts, but soon stabilized at the opening level. SHFE lead finally ended the day at RMB 13,865/mt, up RMB 20/mt from a day earlier. Trading volumes inched down 6 lots to 122 lots, while positions fell 20 lots to 2,548 lots. SHFE lead prices are expected to move up between the 10 and 20-day moving averages.

SHFE lead price

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SMM Brief on SHFE Lead Futures (2013-7-25)

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