Metals News
[Pb Price] SHFE Lead Suffers Losses (Aug. 4, 2015)
price review forecast
05:08PM
Aug 4,2015
Source:SMM

SHANGHAI, Aug. 4 (SMM) – Base metal prices were depressed by soft data from China and US, stronger dollar and tumbling crude oil prices on Monday evening. SHFE 1510 lead dived to RMB 12,650/mt for night trading Monday and finally ended down RMB 230/mt at RMB 12,740/mt.

On Tuesday, China’s A-shares rallied, supporting base metal prices. SHFE lead moved around RMB 12,750/mt and ended at RMB 12,855/mt, down by RMB 115/mt. Trading volumes were 5,074 lots and positions rose 114 to 17,350.

 

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