SHANGHAI, Apr. 15 (SMM) – The most active SHFE 1506 lead lurched up to RMB 13,190/mt overnight, up RMB 115/mt for growing long positions.
Economic indicators, including March industrial added value, fixed assets investment and Chinese Q1 GDP, were far below expectation, weighing on the June delivery lead prices to RMB 13,080/mt. But later SHFE 1506 lead ended at RMB 13,180/mt, up RMB 105/mt, thanks to expectations for more policy stimulus in China.
Trading volumes totaled 11,186 lots and positions fell 1,052 to 17,790 with short positions falling more than long positions.