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Home / Metal News / SMM Brief Review - 2012/3/23 SHFE Lead Futures

SMM Brief Review - 2012/3/23 SHFE Lead Futures

Mar 23, 2012 17:25

On Friday, SHFE lead prices opened lower at RMB 15,585/mt and fell below moving averages.

SHANGHAI, Mar. 23 (SMM) – On Friday, SHFE lead prices opened lower at RMB 15,585/mt and fell below moving averages. Later, SHFE lead prices rose to move between RMB 15,550-15,580/mt due to the brief increase in LME lead prices, and found buying support at RMB 15,560/mt to finally close at RMB 15,620/mt. Trading volumes decreased by 78 lots to 586 lots and positions were down 32 lots to 1,840 lots.

SHFE lead

lead price

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