Losses of SHFE Lead Narrow to RMB 20/mt (Aug. 19, 2015)

Published: Aug 19, 2015 16:37

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For night trading Tuesday, SHFE 1510 lead started at RMB 13,160/mt.

SHANGHAI, Aug. 19 (SMM) – For night trading Tuesday, SHFE 1510 lead started at RMB 13,160/mt and once touched a low of RMB 13,025/mt, to close down RMB 210/mt at RMB 13,105/mt. Trading volumes declined 3,692 to 2,336 lots and positions slipped 334 to 17,816.

SHFE lead prices were bolstered by Chinese stock rally, weaker dollar and short-covering on Wednesday. Thus, SHFE lead lurched up after the open of the session and finally closed at RMB 13,295/mt with a cut of RMB 20/mt.Trading volumes declined 254 to 5,774 lots and positions fell 566 to 17,584.

SHFE 1510 lead broke above the 10-day moving average and currently meets resistance at RMB 13,300/mt.

SHFE lead prices 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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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