[Pb Price] SHFE Lead Stays Range-Bound (Jul. 31, 2105)

SHANGHAI, Jul. 31 (SMM) – SHFE 1510 lead still outperformed LME lead and thus SMM/LME lead price ratio reached 7.6. SHFE lead dived to RMB 12,930/mt after opening at RMB 13,070/mt for night trading Thursday, to close at RMB 13,010/mt, decreasing RMB 45/mt.

On Friday, SHFE lead remained range-bound between RMB 13,000-13,050/mt, to finally end at RMB 13,000/mt, down by RMB 55/mt. Trading volumes came in at 2,102 lots and positions increased 98 to 16,894.