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SMM Brief Review - 2011/11/17 SHFE Lead Futures
Nov 17,2011 15:49CST
smm insight
Source:SMM
SHFE 1201 lead contract prices touched RMB 15,170/mt low point after opening at RMB 15,295/mt on Thursday.

SHANGHAI, Nov.17 (SMM) – SHFE 1201 lead contract prices touched RMB 15,170/mt low point after opening at RMB 15,295/mt on Thursday. But prices gained buying support at RMB 15,270/mt, and stopped falling and moved around RMB 15,250-15,280/mt. In the afternoon, SHFE lead prices moved up to RMB 15,350-15,400/mt due to rising stocks, and finally closed at RMB 15,395/mt, up RMB 165/mt. Trading volumes increased slightly by 12 lots to 460 lots, and positions increased by 52 lots to 1,662 lots.

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