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Home / Metal News / SMM Brief Review - 2011/10/28 SHFE Lead Futures

SMM Brief Review - 2011/10/28 SHFE Lead Futures

iconOct 28, 2011 15:57
SHFE 1112 lead contract prices opened RMB 580/mt higher at RMB 15,580/mt but followed a weak trend below daily moving average later on Friday.

SHANGHAI, Oct. 28 (SMM) – Boosted by rise of LME lead prices overnight, SHFE 1112 lead contract prices opened RMB 580/mt higher at RMB 15,580/mt but followed a weak trend below daily moving average later on Friday. The SHFE lead prices fluctuated between RMB 15,400-15,470/mt and finally closed at RMB 15,435/mt, up RMB 330/mt, or 2.18%. Trading volumes increased by 158 lots to 848 lots, and positions decreased slightly by 24 lots to 1,968 lots.

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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