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SMM Brief Review - 2012/2/1 SHFE Lead Futures
Feb 1, 2012 15:48Source:SMM
On Wednesday, SHFE lead prices opened slightly lower at RMB 16,100/mt.
SHANGHAI, Feb 1 (SMM) – On Wednesday, SHFE lead prices opened slightly lower at RMB 16,100/mt, and then rose to touch RMB 16,130/mt briefly due to the better-than-expected PMI data released by China's National Bureau of Statistics. Later, however, prices fell to fluctuate between RMB 16,000-16,080/mt for a lack of upward momentum, and finally closed at RMB 15,995/mt, down RMB 165/mt, a decline of 1.02%. Trading volumes increased by 36 lots to 312 lots, and positions decreased by 50 lots to 1,842 lots.
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