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SMM Brief Review - 2011/11/1 SHFE Lead Futures
Nov 1,2011 16:19CST
smm insight
Source: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.

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

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