Home / Metal News / Tin / SHFE 1507 Lead Drops RMB 425/mt (May 7, 2015)
SHFE 1507 Lead Drops RMB 425/mt (May 7, 2015)
May 7,2015 17:38CST
price review forecast
Source:SMM
SHFE 1507 lead, the most-traded contract, started Wednesday evening session at RMB 13,840/mt and then lurched down to close at RMB 13,640/mt, falling RMB 275/mt.

SHANGHAI, May 7 (SMM) – SHFE 1507 lead, the most-traded contract, started Wednesday evening session at RMB 13,840/mt and then lurched down to close at RMB 13,640/mt, falling RMB 275/mt.

The contract moved lower to RMB 13,445/mt Thursday on growing short positions and ended the day at RMB 13,485/mt, slipping RMB 425/mt. Trading volumes totaled 13,254 lots. Positions surged 1,148.

SHFE lead is expected to test the 20-day moving average and may find support at RMB 13,450/mt.

 

SHFE lead

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news