SHANGHAI, Aug. 14 (SMM) – SHFE 1510 lead started Thursday evening at RMB 13,310/mt and finally closed down RMB 45/mt at RMB 13,315/mt with the session high at RMB 13,385/mt.

SHFE lead touched RMB 13,375/mt after the open of Friday trading session but later fell back as the People’s Bank of China said Thursday that there’s no basis for depreciation to persist and that it will step in to control large fluctuations. The contract ended the day at RMB 13,215/mt, down by RMB 145/mt. Trading volumes came in at 4,536 lots with positions down 458 to 18,250.