Home / Metal News / SMM Brief Review - 2011/11/21 SHFE Lead Futures

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

iconNov 21, 2011 15:56
Source:SMM
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

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