SHFE 1507 Lead Ends up RMB 5/mt (May 11, 2015)

Published: May 11, 2015 17:28

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Last Friday night, SHFE 1507 lead started at RMB 13,520/mt and lurched down to end at RMB 13,460/mt, down RMB 10/mt.

Shanghai, May 11 (SMM) – Last Friday night, SHFE 1507 lead started at RMB 13,520/mt and lurched down to end at RMB 13,460/mt, down RMB 10/mt, after touching a high of RMB 13,630/mt.

The metal touched Monday’s high of RMB 13,565/mt on China’s interest rate cut and finally finished up RMB 5/mt or 0.04% at RMB 13,495/mt. Trading volumes fell 2,620 to 5,804 lots whereas positions climbed 294 to 15,762.

SHFE 1507 lead should test the 20-day moving average on strong bull.

SHFE 1507 lead SHFE lead prices

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