SHANGHAI, Jul. 10 (SMM) – SHFE 1509 lead started Thursday evening session at RMB 12,905/mt and closed up RMB 265/mt at RMB 12,960/mt with the high-end price at RMB 13,130/mt.
The contract increased to RMB 13,160/mt following China’s stock rally on Friday. Iron ore and rebar futures prices fell after a high, SHFE 1509 lead fell below RMB 13,000/mt before ending up RMB 215/mt at RMB 12,910/mt. Trading volumes totaled 5,498 lots and positions slipped 120 to 12,382.