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

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

Oct 21,2011 15:44

CST

SMM Insight

Source:SMM

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

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