SHFE Lead Falls 0.75% on Firmness in Dollar (Dec. 3, 2015)

Published: Dec 3, 2015 15:31

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SHFE 1602 lead started Wednesday evening session at RMB 12,620/mt before shooting up to RMB 13,000/mt.

SHANGHAI, Dec. 3 (SMM) – SHFE 1602 lead started Wednesday evening session at RMB 12,620/mt before shooting up to RMB 13,000/mt. Then the contract moved in a tight range of RMB 12,610-12,720/mt and closed at RMB 12,690/mt, up by RMB 30/mt or 0.24%.

SHFE lead fell back on Thursday in response to US dollar and ranged between RMB 12,550-12,640/mt, to close at RMB 12,565/mt, falling RMB 95/mt or 0.75%. Trading volumes reduced 678 to 5,072 lots while positions were up 260 to 13,222.

SHFE 1602 lead is expected to remain weak this evening on the back of firm dollar.

SHFE lead price lead prices Pb prices

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