China’s CPI hovered at 5-year low, while PPI fell sharply. However, short sellers closed positions in the afternoon, pushing the most active contract up to RMB 12,900/mt. The contract ended Friday at RMB 12,855/mt. Trading volumes totaled 62,750 lots, with positions down 5,722 to 161,134. A lack of positive news implies that any upside potential might be limited.
Zhejiang Yaang Pipe Industry Co., Limited