Home / Metal News / SHFE Lead Prices off 0.44% (Oct. 13, 2015)

SHFE Lead Prices off 0.44% (Oct. 13, 2015)

iconOct 13, 2015 15:19
Source:SMM
SHFE 1512 lead started higher at RMB 13,750/mt for night trading Monday.

SHANGHAI, Oct. 13 (SMM) – SHFE 1512 lead started higher at RMB 13,750/mt for night trading Monday and then slid owing to shorts’ entering market, to close down RMB 25/mt at RMB 13,625/mt.

The most actively-traded contract lurched down to RMB 13,480/mt after opening Tuesday trading session but then rallied thanks to support at the 5-day moving average and exit of shorts, to end at RMB 13,590/mt, down by RMB 60/mt or 0.44%. Trading volumes fell 1,050 to 5,548 lots but positions grew 394 to 14,788.

SHFE 1512 lead fins support at the 5-day moving average but shorts are more willing to enter market than longs. As a result, SHFE 1512 lead should test support at RMB 13,500/mt this evening.

SHFE lead price
lead prices

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All