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.
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