SHFE Lead Closes Down RMB 55/mt at RMB 12,220/mt (Mar. 11, 2015)

Mar 11, 2015 17:08

Source:SMM

Lead for May delivery on the Shanghai Futures Exchange, the most active contract, opened at RMB 12,230/mt and then slid to RMB 12,135/mt.

SHANGHAI, Mar. 11 (SMM) – Lead for May delivery on the Shanghai Futures Exchange, the most active contract, opened at RMB 12,230/mt and then slid to RMB 12,135/mt before finishing down RMB 75/mt at RMB 12,200/mt in Tuesday’s night session.

On Wednesday, SHFE lead initially hovered between RMB 12,200-12,250/mt and then ended down RMB 55/mt at RMB 12,220/mt. China’s large industrial added value increased 6.8% in the first two months, missing a 7.7% rise expected. The country’s retail sales of consumer goods rose 10.7% YoY in February, undershooting a 11.6% increase estimated.

SHFE lead prices

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SHFE Lead Closes Down RMB 55/mt at RMB 12,220/mt (Mar. 11, 2015)

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