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SMM Brief Review - 2011/11/9 SHFE Lead Futures
Nov 9,2011 15:56CST
smm insight
Source:SMM
SHFE lead prices opened about RMB 100/mt higher at RMB 15,450/mt on Wednesday.

SHANGHAI, Nov. 9 (SMM) – SHFE lead prices opened about RMB 100/mt higher at RMB 15,450/mt on Wednesday. China released its October CPI and PPI data at 9:00 this morning, with growth of both data narrowing remarkably as expected. SHFE lead market continued its correction, with prices moving between RMB 15,400-15,480/mt and getting support at 5 and 10-day moving averages to finally close at RMB 15,425/mt, up RMB 90/mt. Trading volumes decreased by 20 lots to 314 lots, and positions increased by 2 lots to 1,908 lots.

SHFE lead prices

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