Home / Metal News / SHFE Lead Gains RMB 80/mt (Aug. 17, 2015)

SHFE Lead Gains RMB 80/mt (Aug. 17, 2015)

iconAug 17, 2015 17:16
Source:SMM
SHFE 1510 lead started last Friday evening at RMB 13,290/mt and then hovered between RMB 13,215-13,310/mt, to end at a low of RMB 13,230/mt.

SHANGHAI, Aug. 17 (SMM) – SHFE 1510 lead started last Friday evening at RMB 13,290/mt and then hovered between RMB 13,215-13,310/mt, to end at a low of RMB 13,230/mt.

On Monday, SHFE lead drifted lower to RMB 13,170/mt due to expectation for crude oil oversupply and downbeat data from China and euro zone. But later, the contract reached RMB  13,395/mt as China’s A-shares jumped and shorts exited market and ended at RMB 13,375/mt, growing RMB 80/mt. Trading volumes were up 808 to 5,344 lots with positions up 414 to 18,664.

SHFE lead prices
Pb Price
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news