September-Delivery Lead on the SHFE Gains 3.23% (Jul. 14, 2015)

Jul 14, 2015 17:18

During Tuesday night session, SHFE 1509 lead started at RMB 13,040/mt and ended the session at RMB 13,190/mt.

SHANGHAI, Jul. 15 (SMM) – During Monday night session, SHFE 1509 lead started at RMB 13,040/mt and ended the session at RMB 13,190/mt.

China’s new RMB loans for June and M2 supply balance beat forecasts on Tuesday. SHFE lead responded by advancing above RMB 13,220/mt but later the price slipped to RMB 13,100/mt due to strengthening dollar and falling crude oil prices. The contract finally finished up RMB 390/mt or 3.23% at RMB 13,255/mt thanks to reducing shorts.Trading volumes came in at 5,634 lots with positions up 402 to 12,900.

SHFE lead prices

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September-Delivery Lead on the SHFE Gains 3.23% (Jul. 14, 2015)

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