SHANGHAI, Sept. 28 (SMM) – Profit at China’s large industrials fell 8.8% in August, much more significant than the 2.9% drop in July, fueling market worries about China’s demand.
SHFE 1511 lead contract prices opened at RMB 13,270/mt on Monday, and fell to RMB 13,200/mt. At the end of trading, SHFE 1511 lead contract prices plunged and closed at RMB 13,120/mt, down RMB 150/mt. Trading volumes were 3,444 lots. Total positions decreased 594 to 12,725.