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SMM Brief Review - 2011/11/3 SHFE Lead Futures
Nov 3,2011 15:53CST
smm insight
Source:SMM
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

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