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SMM Brief Review - 2011/11/28 SHFE Lead Futures
Nov 28,2011 16:22CST
smm insight
Source:SMM
SHFE 1201 lead contract prices opened about RMB 300/mt higher at RMB 15,270/mt on Monday.

SHANGHAI, Nov. 28 (SMM) – SHFE 1201 lead contract prices opened about RMB 300/mt higher at RMB 15,270/mt on Monday with the rise of LME lead prices resulted from European countries’ bailout efforts, and got support at 10 and 20-day moving averages. Prices then moved between RMB 15,380-15,480/mt and finally closed at 15,420/mt, up RMB 270/mt, or 1.78%. Trading volumes decreased slightly by 46 lots to 632 lots, and positions decreased by 88 lots to 2,346 lots.

SHFE lead
lead price

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