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[Pb Price]SHFE Lead Drops RMB 15/mt as Longs Exit Market (Jul. 17, 2015)
Jul 17,2015 17:16CST
price review forecast
Source:SMM
SHFE 1509 lead started at RMB 13,045/mt during Thursday evening session and then fluctuated between RMB 13,050-13,130/mt.

SHANGHAI, Jul. 17 (SMM) – SHFE 1509 lead started at RMB 13,045/mt during Thursday evening session and then fluctuated between RMB 13,050-13,130/mt, to finish at RMB 13,080/mt, losing RMB 50/mt.

Today was the delivery day for China stock-index futures including IF1507, IH1507and IC1507, allowing the Shanghai Composite Index to be near 4,000, fueling market confidence. SHFE 1509 lead reached RMB 13,190/mt on Friday but later dropped with longs closing positions, to close at RMB 13,115/mt, falling RMB 15/mt. Trading volumes totaled 3,396 lots with positions down 100 to 12,524.

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