SHANGHAI, May 5 (SMM) – The most active SHFE 1506 lead started at RMB 13,860/mt Monday night. SHFE 1506 lead moved higher at RMB 14,025/mt and lower at RMB 13,510/mt, to close the session at RMB 13,850/mt, up RMB 5/mt.
The June-delivery lead moved between RMB 13,780-13,850/mt Tuesday and ended the day at RMB 13,800/mt, down RMB 45/mt, off 0.33%. Trading volumes totaled 4,712 lots and positions dropped 262 to 12,918. SHFE 1506 lead is expected to test the 5-day moving average.