SMM Brief on SHFE Lead Futures (2013-10-25)

Price Review & Forecast 05:30:56PM Oct 25, 2013 Source:SMM

SHANGHAI, Oct. 25 (SMM) – The most active SHFE lead prices opened at RMB 14,390/mt on Friday and basically fluctuated at RMB 14,410/mt after hitting an intraday high of RMB 14,425/mt in morning trading session. Market worries later were rekindled by another rally of China’s overnight interest rate and the news of restarting reviews of IPO applications. As a result, SHFE lead prices finally ended RMB 70/mt lower at RMB 14,320/mt after dipping to RMB 14,280/mt, meeting strong upward resistance. Trading volumes gained by 16 lots to 696 lots, while positions expanded by 196 lots to 10,680 lots.      

 
Key Words:  SHFE lead prices 

SMM Brief on SHFE Lead Futures (2013-10-25)

Price Review & Forecast 05:30:56PM Oct 25, 2013 Source:SMM

SHANGHAI, Oct. 25 (SMM) – The most active SHFE lead prices opened at RMB 14,390/mt on Friday and basically fluctuated at RMB 14,410/mt after hitting an intraday high of RMB 14,425/mt in morning trading session. Market worries later were rekindled by another rally of China’s overnight interest rate and the news of restarting reviews of IPO applications. As a result, SHFE lead prices finally ended RMB 70/mt lower at RMB 14,320/mt after dipping to RMB 14,280/mt, meeting strong upward resistance. Trading volumes gained by 16 lots to 696 lots, while positions expanded by 196 lots to 10,680 lots.      

 
Key Words:  SHFE lead prices