SMM Brief Review - 2011/11/21 SHFE Lead Futures

Nov 21, 2011 15:56

SHFE lead prices opened RMB 350/mt higher at RMB 15,250/mt on Monday due to the rising LME lead prices.

SHANGHAI, Nov.21 (SMM)–SHFE lead prices opened RMB 350/mt higher at RMB 15,250/mt on Monday due to the rising LME lead prices, and gained support at the 10 and 20-day moving average. Prices then moved around the daily moving average between RMB 15,320-15,380/mt, and finally closed at RMB 15,350/mt, up RMB 120/mt. Trading volumes decreased by 124 lots to 446 lots, and positions increased by 60 lots to 1,964 lots, with 4.9% of positions built by longs.

SHFE lead prices

SMM brief

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SMM Brief Review - 2011/11/21 SHFE Lead Futures

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