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Home / Metal News / SHFE 1507 Lead up RMB 45/mt (May 21, 2015)

SHFE 1507 Lead up RMB 45/mt (May 21, 2015)

May 21, 2015 17:08

Source:SMM

HSBC’s China manufacturing PMI for May was 49.1, below expectation. Besides, more reports about China’s soft economy appeared.

SHANGHAI, May 21 (SMM) – HSBC’s China manufacturing PMI for May was 49.1, below expectation. Besides, more reports about China’s soft economy appeared, boosting the case for fresh stimulus measures and thus favoring metals prices.

SHFE 1507 lead climbed to RMB 13,340/mt on Thursday and finally ended up RMB 45/mt at RMB 13,270/mt.

SHFE lead prices

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SHFE 1507 Lead up RMB 45/mt (May 21, 2015)

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