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Home / Metal News / SHFE Lead Trades down 1.22% (Nov. 18, 2015)

SHFE Lead Trades down 1.22% (Nov. 18, 2015)

iconNov 18, 2015 16:41
SHFE 1601 lead started Tuesday night session at RMB 12,330/mt and then traced LME lead up to RMB 12,385/mt.

SHANGHAI, Nov. 18 (SMM) – SHFE 1601 lead started Tuesday night session at RMB 12,330/mt and then traced LME lead up to RMB 12,385/mt. The contract headed for losses before closing at RMB 12,285/mt, slipping RMB 15/mt or 0.12%. Trading volumes reduced 9,408 to 3,356 lots but positions grew 290 to 13,246.

SHFE 1601 lead once moved lower to RMB 12,005/mt after opening Wednesday trading session but then railed due to exit of shorts, to close at RMB 12,150/mt, down RMB 150/mt or 1.22%. Trading volumes saw a rise of 84 to 12,848 lots with positions up 1,042 to 13,998.

SHFE 1601 should test support at RMB 12,000/mt in short term with shorts gathering strength.


SHFE lead price
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.

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