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Home / Metal News / SMM Brief Review - 2011/10/21 SHFE Lead Futures

SMM Brief Review - 2011/10/21 SHFE Lead Futures

iconOct 21, 2011 15:44
SHFE 1112 lead contract opened slightly higher at RMB 13,850/mt on Friday, and fluctuated upward above daily moving average.

SHANGHAI, Oct. 21 (SMM) – SHFE 1112 lead contract opened slightly higher at RMB 13,850/mt on Friday, and fluctuated upward above daily moving average. In the afternoon, SHFE lead continued to rise and once increased up to RMB 14,600/mt at around 14:00. However, LME lead finally closed at RMB 14,235/mt for lack of support from favorable news, up RMB 380/mt, or 2.9%. Trading volumes increased by 204 lots to 1,728 lots, and positions increased by 100 lots to 2,354 lots.

SHFE lead; LME lead
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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