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SHFE 1507 Lead Finishes down RMB 125/mt (May 15, 2015)
May 15,2015 16:42
CSTprice review forecast
Source:SMM
SHFE 1507 lead dropped in response to falling LME lead. The contract opened at RMB 13,480/mt Thursday night and then dived to RMB 13,300/mt, to end down RMB 165/mt.
SHANGHAI, May 15 (SMM) – SHFE 1507 lead dropped in response to falling LME lead. The contract opened at RMB 13,480/mt Thursday night and then dived to RMB 13,300/mt, to end down RMB 165/mt.
SHFE 1507 lead hovered around RMB 13,350/mt on Friday and finished at RMB 13,360/mt, down RMB 125/mt, off 0.93%. Trading volumes were up 1,222 to 7,082 lots whereas positions dropped 210 to 14,858.
The contract is expected to inch lower tonight as longs left market.
SHFE lead
SHFE lead prices
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