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SHFE Lead Ends Lower on China’s Soft PPI and CPI (Dec. 10, 2014)

Release time:2014-12-11

Dec 10, 2014 09:56 GMT   Source:SMM

 

 

SHANGHAI, Dec. 10 (SMM) – Lead for January delivery on the Shanghai Futures Exchange, the most active contract, dipped to RMB 13,330/mt in Tuesday’s night session after opening at RMB 13,345/mt. The price of the SHFE 1501 lead contract rebounded to as high as RMB 13,360/mt subsequently and finished up RMB 15/mt at RMB 13,360/mt.

SHFE lead initially advanced to RMB 13,390/mt and closed down RMB 15/mt at RMB 13,330/mt, depressed by China’s soft CPI and PPI. Trading volumes for the most active contract totaled 372 lots, while positions shed 74 lots to 9,918 lots.