SHFE Lead Looks Set to Rise, Standing Above 10-Day Moving Average (Oct. 8, 2014)

Oct 8, 2014 16:56

The most active SHFE 1411 lead contract fell to RMB 13,850/mt after starting Wednesday at RMB 13,900/mt.

SHANGHAI, Oct. 8 (SMM) – The most active SHFE 1411 lead contract fell to RMB 13,850/mt after starting Wednesday at RMB 13,900/mt. The price of the contract rallied rebounded to RMB 13,910/mt, and ended up RMB 75/mt, or 0.54%, at RMB 13,910/mt. Trading volumes totaled 1,308 lots, and positions shed 312 lots to 15,144 lots. SHFE lead is expected to rise for the near future given positive technical indicators and speculation about a broad interest rate cut in China.

SHFE lead prices

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SHFE Lead Looks Set to Rise, Standing Above 10-Day Moving Average (Oct. 8, 2014)

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