SMM Brief on SHFE Lead Futures (2013-10-15)-Shanghai Metals Market

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SMM Brief on SHFE Lead Futures (2013-10-15)

Price Review & Forecast 05:26:55PM Oct 15, 2013 Source:SMM

SHANGHAI, Oct. 15 (SMM) – On October 15, the most active SHFE lead contract prices started RMB 155/mt higher than the settlement price of Monday at RMB 14,300/mt, boosted by a USD 30/mt spike in LME lead overnight, but then followed the LME lead price trend down to touch a low of RMB 14,160/mt. The most-trade SHFE lead contract price found support at the 5 and 20-day moving averages at the tail of trading to finally end at RMB 14,215/mt, up RMB 70/mt. Trading volumes shrank by 290 lots to 586 lots, while positions inched up 6 lots to 9,020 lots. 

 
Key Words:  SHFE lead price 

SMM Brief on SHFE Lead Futures (2013-10-15)

Price Review & Forecast 05:26:55PM Oct 15, 2013 Source:SMM

SHANGHAI, Oct. 15 (SMM) – On October 15, the most active SHFE lead contract prices started RMB 155/mt higher than the settlement price of Monday at RMB 14,300/mt, boosted by a USD 30/mt spike in LME lead overnight, but then followed the LME lead price trend down to touch a low of RMB 14,160/mt. The most-trade SHFE lead contract price found support at the 5 and 20-day moving averages at the tail of trading to finally end at RMB 14,215/mt, up RMB 70/mt. Trading volumes shrank by 290 lots to 586 lots, while positions inched up 6 lots to 9,020 lots. 

 
Key Words:  SHFE lead price