SHANGHAI, Oct. 28 (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. SHFE lead for December delivery then followed LME lead down to a low of RMB 14,280/mt and finally ended RMB 70/mt lower at RMB 14,320/mt. Technical indicators pointed to strong resistance. Trading volumes grew by 16 lots to 696 lots, while positions expanded by 196 lots to 10,680 lots.
SMM Lead Market Daily Review (2013-10-25)