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Home / Metal News / SMM Brief Review - 2011/11/3 SHFE Lead Futures

SMM Brief Review - 2011/11/3 SHFE Lead Futures

iconNov 3, 2011 15:53
SHFE lead prices opened slightly lower at RMB 15,230/mt and moved around daily moving average on Thursday.

SHANGHAI, Nov. 3 (SMM) – SHFE lead prices opened slightly lower at RMB 15,230/mt and moved around daily moving average on Thursday. In the afternoon session, SHFE lead prices plunged about RMB 200/mt to RMB 15,080/mt due to drop in LME lead prices and selling pressure by shorts, but got support at 10-day moving average, with prices closed at RMB 15,115/mt, down RMB 170/mt , or 1.1%. Trading volumes decreased by 330 lots to 346 lots, and positions increased slightly by 12 lots to 2,000 lots.

SHFE lead prices; LME lead prices
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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