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SMM Daily Review - 2011/9/27 Lead Market
Sep 28,2011 09:05CST
price review forecast
Source:SMM
On Tuesday, SHFE lead contract prices opened higher at RMB 14,205/mt, and then fluctuated around the moving average.

SHAGNHAI, Sept. 28 (SMM) -- On Tuesday, SHFE lead contract prices opened higher at RMB 14,205/mt, and then fluctuated around the moving average. In the afternoon, SHFE lead prices touched RMB 14,545/mt but fell to close at RMB 14,385/mt, up RMB 755/mt, or up 5.54%. Trading volumes decreased by 1,276 lots to 2,360 lots, and total positions decreased by 90 lots to 3,152 lots.

In domestic spot markets, well-known brands such as Nanfang and Chihong Zn & Ge were quoted between RMB 14,250-14,300/mt, close to SHFE 1111 lead contract prices. In the afternoon, spot prices rose to RMB 14,400/mt along with SHFE lead prices. The market was still cautious as prices stabilized, keeping transactions quiet.
 

lead

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