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Home / Metal News / SMM Brief Review - 2011/10/26 SHFE Lead Futures

SMM Brief Review - 2011/10/26 SHFE Lead Futures

iconOct 26, 2011 15:57
SHFE lead prices opened about RMB 200/mt lower at RMB 14,875/mt on Wednesday, and fluctuated around RMB 14,950-15,050/mt later.

SHANGHAI, Oct. 26 (SMM) – SHFE lead prices opened about RMB 200/mt lower at RMB 14,875/mt on Wednesday, and fluctuated around RMB 14,950-15,050/mt later. In the afternoon, SHFE lead surged up to RMB 15,195/mt with rise in domestic stock market, but surrendered early gains for lack of upward momentum at the tail of trading, with prices finally closed at RMB 15,015/mt, down RMB 80/mt. Trading volumes decreased by 1,570 lots to 970 lots, and positions decreased slightly by 60 lots to 1,978 lots. The struggles between longs and shorts remained.

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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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