SHANGHAI, May 4 (SMM) – SHFE 1606 lead started at RMB 13,295/mt overnight and then ranged around RMB 13,220/mt with closing prices down RMB 20/mt or 0.15% at RMB 13,230/mt.
SHFE 1606 lead continued declines on Wednesday and tested support at RMB 13,000/mt before finishing at RMB 13,060/mt, losing RMB 190/mt or 1.43%. Trading volumes were down 326 to 6,156 lots and positions reduced 544 to 15,290.
SHFE 1606 lead should continue testing support at RMB 13,000/mt this evening.