Home / Metal News / SMM Brief Review - 2011/11/9 SHFE Lead Futures

SMM Brief Review - 2011/11/9 SHFE Lead Futures

iconNov 9, 2011 15:56
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

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All