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Home / Metal News / SMM Brief Review - 2011/11/1 SHFE Lead Futures

SMM Brief Review - 2011/11/1 SHFE Lead Futures

iconNov 1, 2011 16:19
SHFE lead prices opened slightly higher at RMB 15,450/mt on Tuesday and fluctuated violently between RMB 15,360-15,430/mt in the morning due to drop of PMI data.

SHANGHAI, Nov. 1 (SMM) – SHFE lead prices opened slightly higher at RMB 15,450/mt on Tuesday and fluctuated violently between RMB 15,360-15,430/mt in the morning due to drop of PMI data. In midday, SHFE lead prices dived to RMB 15,275/mt due to plunging domestic stock market and LME lead prices, but got support at 5-day moving average. In the afternoon session, SHFE lead prices moved between RMB 15,300-15,350/mt and closed at RMB 15,315/mt, down RMB 55/mt. Trading volumes decreased by 140 lots to 620 lots, and positions increased slightly by 40 lots to 2,026 lots.

SHFE lead price; LME lead price
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.

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