SHANGHAI, Aug. 11 (SMM) – SHFE 1510 lead opened at RMB 13,055/mt for night trading Monday and grew to RMB 13,320/mt. Later, the price moved around RMB 13,190/mt before closing at RMB 13,185/mt, jumping RMB 270/mt.
US dollar posted a growth due to China’s move to devalue Chinese yuan on Tuesday. SHFE lead fell to RMB 13,120/mt and then rolled backed the losses. Finally, the price closed at a high of RMB 13,250/mt, rising RMB 335/mt or 2.59%.