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DashboardDatabaseProReportsEventsCar InsightShanghai, May 11 (SMM) – Last Friday night, SHFE 1507 lead started at RMB 13,520/mt and lurched down to end at RMB 13,460/mt, down RMB 10/mt, after touching a high of RMB 13,630/mt.
The metal touched Monday’s high of RMB 13,565/mt on China’s interest rate cut and finally finished up RMB 5/mt or 0.04% at RMB 13,495/mt. Trading volumes fell 2,620 to 5,804 lots whereas positions climbed 294 to 15,762.
SHFE 1507 lead should test the 20-day moving average on strong bull.
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