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SMM Daily Review - 2011/10/21 Lead Market
Oct 24,2011 09:09CST
price review forecast
Source:SMM
Last Friday, SHFE 1112 lead contract prices opened higher at RMB 13,850/mt, touching as high as RMB 14,600/mt at 2:00 pm.

SHAGNHAI, Oct. 24 (SMM) -- Last Friday, SHFE 1112 lead contract prices opened higher at RMB 13,850/mt, touching as high as RMB 14,600/mt at 2:00 pm. Finally, SHFE lead prices closed at RMB 14,235/mt, up RMB 380/mt, or up 2.9%. Trading volumes increased by 204 lots to 1,728 lots, and total positions increased by 100 lots to 2,354 lots.

In domestic spot markets, well-known brands such as Chihong Zn & Ge, Nanfang and Yubei were traded between RMB 14,350-14,400/mt, with premiums of RMB 120-180/mt against SHFE three-month lead contract prices. The market was cautious due to uncertainty of price trends, leaving transactions quiet.
 

SHFE lead prices

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