SHANGHAI, Aug. 13 (SMM) – Longs for SHFE 1510 lead jumped on Wednesday evening. The contract opened at RMB 13,295/mt and closed up RMB 305/mt at RMB 13,490/mt.
SHFE lead drifted lower to RMB 13,120/mt on Thursday and then ranged between RMB 13,250-13,300/mt. The contract moved higher responding to LME lead near session’s end and finally closed up RMB 245/mt at RMB 13,430/mt. Trading volumes came in at 9,678 lots with positions up 478 to 18,708.