SHFE Lead Sees 0.55% Losses (Oct. 15, 2015)

Published: Oct 15, 2015 16:24

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SHFE 1512 lead followed LME lead up to RMB 13,645/mt after opening Wednesday evening session at RMB 13,580/mt.

SHANGHAI, Oct. 15 (SMM) – SHFE 1512 lead followed LME lead up to RMB 13,645/mt after opening Wednesday evening session at RMB 13,580/mt. With shorts exiting market, the contract ended above the 5-day moving average at RMB 13,595/mt. Trading volumes decreased 2,634 to 998 lots while positions grew 48 to 15,342.

SHFE 1512 lead moved around RMB 13,600/mt on Thursday and headed for losses before ending at RMB 13,490/mt, down by RMB 75/mt or 0.55%. Trading volumes grew 430 to 4,062 lots with positions up 74 to 15,368.

SHFE 1510 lead started Thursday trading session at RMB 13,550/mt and closed at RMB 13,420/mt, down by RMB 130/mt or 0.96%. The settlement price came at RMB 13,490/mt. Trading volumes totaled 210 lots and positions were around 590.

Markets expect September’s CPI data to be downbeat and this will weigh down US dollar index. As such, base metal prices will be supported.

SHFE lead price lead prices

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