SHFE 1507 Lead Finishes down RMB 80/mt (May 25, 2015)

Published: May 25, 2015 16:31

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SHFE 1507 lead opened at RMB 13,270/mt last Friday evening and touched a low of RMB 13,180/mt, to end down RMB 135/mt at RMB 13,220/mt.

SHANGHAI, May 25 (SMM) – SHFE 1507 lead opened at RMB 13,270/mt last Friday evening and touched a low of RMB 13,180/mt, to end down RMB 135/mt at RMB 13,220/mt.

LME market is suspended Monday and thus SHFE lead loses guide today. SHFE 1507 lead rose slightly as shorts closed positions, to finish at RMB 13,275/mt, down RMB 80/mt or 0.6%. Trading volumes dropped 542 to 6,012 lots and positions fell 810 to 13,632.

The contract is expected to stay weak tonight as resistance emerged at the 5-day and 40-day moving averages.

SHFE 1507 lead lead prices

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