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Home / Metal News / SMM Brief Review - 2011/12/23 SHFE Lead Futures

SMM Brief Review - 2011/12/23 SHFE Lead Futures

iconDec 23, 2011 17:33
On Friday, SHFE 1202 lead contract prices opened RMB 120/mt higher at RMB 15,300/mt.

SHANGHAI, Dec. 23 (SMM) – On Friday, SHFE 1202 lead contract prices opened RMB 120/mt higher at RMB 15,300/mt, but fell slightly and moved around RMB 15,250/mt in the morning session. In the afternoon, prices rose to opening price but met resistance at the 30-day moving average, and finally closed at RMB 15,340/mt, up RMB 160/mt, or 1%. Trading volumes increased by 350 lots to 460 lots, and positions decreased by 58 lots to 1,404 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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