SHFE 1508 Lead closes with Gains (Jun. 10, 2015)

Published: Jun 10, 2015 17:22

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The August-delivery lead on SHFE opened at RMB 13,200/mt during evening session Tuesday and moved narrowly between RMB 13,200-13,240/mt with SMM/LME lead price ratio of 6.8.

SHANGHAI, Jun. 10 (SMM) – The August-delivery lead on SHFE opened at RMB 13,200/mt during evening session Tuesday and moved narrowly between RMB 13,200-13,240/mt with SMM/LME lead price ratio of 6.8.

The contract touched an intra-day low of RMB 13,165/mt after opening Wednesday morning session and lurched up with support at the 5-day moving average emerging. The metal moved stably around RMB 13,230/mt and ended the day at RMB 13,225/mt, rising RMB 35/mt.

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