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Shanghai Lead Tops Gains on Output Cut News

Release time:2014-12-20

Dec 19, 2014 07:57 GMT   Source:SMM

 

 

SHANGHAI, Dec. (SMM) – Prices of nonferrous metals in Shanghai Futures Market rallied on Friday after several days of big losses, with lead prices outperforming others.   

SHFE 1502 lead price, the most actively-traded one, advanced 2.09% on the day, topping price gains of copper , aluminum and zinc , up 0.78%, 0.11%, and 0.31%, respectively. 

The sharp rally in lead price is believed to be in response to news of production cuts at Chinese major lead producers

Key words:
SMM LME lead prices
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