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SMM Brief Review - 2011/10/28 SHFE Lead Futures
Oct 28,2011 15:57CST
smm insight
Source:SMM
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.

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