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Home / Metal News / SMM Brief Review - 2012/3/7 SHFE Lead Futures

SMM Brief Review - 2012/3/7 SHFE Lead Futures

Mar 7, 2012 15:48

On Wednesday, SHFE lead prices opened below the 60-day moving average and moved around RMB 15,660/mt .

SHANGHAI, Mar. 7 (SMM) – On Wednesday, SHFE lead prices opened below the 60-day moving average and moved around RMB 15,660/mt due to the plunge of LME lead prices overnight. In the morning, SHFE lead prices failed to move up along with Chinese domestic stocks and LME lead prices and kept hovering around RMB 15,670/mt. In the afternoon, prices continued the weak track and finally closed at RMB 15,630/mt. Traded volumes increased by 288 lots to 578 lots and positions were down 224 lots to 1,338 lots.

SHFE lead

lead price

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