SHFE Lead Dragged down by Concerns over Poor Chinese Data (Apr. 14, 2015)

SHANGHAI, Apr. 14 (SMM) – SHFE 1506 lead contract prices opened at RMB 13,305/mt Monday evening, then remained stable until the end of trading, falling to close at RMB 13,140/mt, down RMB 225/mt. Trading volumes were 7,044 lots, and total positions grew 126 to 20,570.

The June delivery lead dropped to RMB 13,050/mt after opening on Tuesday and dipped as low as RMB 12,900/mt due partly to worries about China’s GDP data to be released Wednesday and faster declines in SHFE copper prices. SHFE 1506 lead ended at RMB 12,925/mt, down RMB 440/mt. Trading volumes were 19,678 lots, and positions shrank 1,602.