SHANGHAI, Apr. 28 (SMM) – The most active SHFE 1506 lead ended at RMB 13,840/mt Monday night on the speech that China will employ Quantitative Easing policy, up RMB120/mt.
SHFE 1506 lead moved lower to close at RMB 13,740/mt Tuesday as chief economist of PBOC denied reported plans for QE program, up RMB 20/mt. Trading volumes totaled 8,828 lots and positions dropped 958 to 15,421.