SHFE Lead Slips RMB 35/mt (Sept. 22, 2015)

SHANGHAI, Sept. 22 (SMM) – SHFE 1511 lead once moved higher to RMB 13,245/mt after opening Monday evening session at RMB 13,190/mt, to end at RMB 13,210/mt, rising RMB 40/mt.

SHFE lead fell to RMB 13,100/mt on Tuesday as base metal prices were depressed by sell-offs on SHFE zinc. Later, the contract returned to RMB 13,180/mt on exit of shorts, to close at RMB 13,135/mt, down by RMB 35/mt. Trading volumes totaled 5,824 lots with positions down 128 to 13,126.

SHFE 1511 lead should test support at RMB 13,080/mt this evening.