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

Published: Oct 13, 2015 15:19

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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

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