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Home / Metal News / SMM Brief Review - 2011/11/15 SHFE Lead Futures

SMM Brief Review - 2011/11/15 SHFE Lead Futures

iconNov 15, 2011 15:51
SHFE lead prices opened lower at RMB 15,455/mt and followed a weak track between RMB 15,350-15,400/mt on Tuesday.

SHANGHAI, Nov. 15 (SMM) – SHFE lead prices opened lower at RMB 15,455/mt and followed a weak track between RMB 15,350-15,400/mt on Tuesday. In the afternoon, prices moved down to RMB 15,320-15,370/mt due to the further drop of LME lead prices, but gained support at 10-day moving average, finally closing at RMB 15,325/mt, down RMB 195/mt, or 1.26%. Trading volumes decreased slightly by 18 lots to 436 lots, and positions dropped by 156 lots to 1,692 lots, with strong short covering of 5.96%.

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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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