SHFE Lead Ends down (May 5, 2016)

SHANGHAI, May 5 (SMM) – SHFE 1606 lead started at RMB 13,160/mt overnight and then fell lower with closing prices down RMB 65/mt or 0.49% at RMB 13,090/mt.

SHFE 1606 lead sank to RMB 13,010/mt on Thursday and closed at RMB 13,040/mt, down RMB 115/mt or 0.87. 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.