SHFE Lead Grows RMB 125/mt due to Improved Sentiment (Sept. 9, 2015)-Shanghai Metals Market

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SHFE Lead Grows RMB 125/mt due to Improved Sentiment (Sept. 9, 2015)

Price Review & Forecast 05:08:46PM Sep 09, 2015 Source:SMM

SHANGHAI, Sept. 9 (SMM) – SHFE 1511 lead moved on the strong side on Wednesday in response to optimistic sentiment in market. The contract moved in a tight range of RMB 13,310-13,370/mt and finally closed up RMB 125/mt at RMB 13,320/mt. Trading volumes surged to 7,502 lots but positions dropped 8 to 15,040.

Market sentiment was boosted by growing expectation for demand in China and this allowed commodity prices to jump on Wednesday. SHFE copper gained more than 4%. 


Key Words:  SHFE lead prices  lead 

SHFE Lead Grows RMB 125/mt due to Improved Sentiment (Sept. 9, 2015)

Price Review & Forecast 05:08:46PM Sep 09, 2015 Source:SMM

SHANGHAI, Sept. 9 (SMM) – SHFE 1511 lead moved on the strong side on Wednesday in response to optimistic sentiment in market. The contract moved in a tight range of RMB 13,310-13,370/mt and finally closed up RMB 125/mt at RMB 13,320/mt. Trading volumes surged to 7,502 lots but positions dropped 8 to 15,040.

Market sentiment was boosted by growing expectation for demand in China and this allowed commodity prices to jump on Wednesday. SHFE copper gained more than 4%. 


Key Words:  SHFE lead prices  lead