SHFE Lead Grows to Daily Limit on Falling Shorts (Jul. 9, 2015)

Published: Jul 9, 2015 17:22

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SHFE 1509 lead rebounded a lot during Wednesday evening session.

SHANGHAI, Jul. 9 (SMM) – SHFE 1509 lead rebounded a lot during Wednesday evening session. The contract started at RMB 12,300/mt and closed at RMB 12,700/mt, growing RMB 365/mt.

China’s three major stocks hit daily upside limit Thursday, strengthening market confidence. SHFE 1509 lead rose to daily limit at RMB 12,825/mt on Thursday and then moved around RMB 12,800/mt, to finish up RMB 475/mt at RMB 12,810/mt. Trading volumes totaled 9,282 lots and positions fell 106 to 12,502.

SHFE lead prices

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