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Home / Metal News / SMM Brief Review - 2011/11/18 SHFE Lead Futures

SMM Brief Review - 2011/11/18 SHFE Lead Futures

iconNov 18, 2011 16:06
On Friday, SHFE lead 1201 contract prices opened nearly RMB 300/mt lower at RMB 14,900/mt due to dropping LME lead prices overnight.

SHANGHAI, Nov.18 (SMM) –On Friday, SHFE lead 1201 contract prices opened nearly RMB 300/mt lower at RMB 14,900/mt due to dropping LME lead prices overnight, and surged above RMB 15,000/mt. Prices moved between RMB 15,150-15,250/mt through the day with pressure at 10-day moving average, and finally closed at RMB 15,230/mt, down RMB 165/mt. Trading volumes increased by 110 lots to 570 lots, and positions increased by 242 lots to 1,904 lots.

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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