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August-delivery Lead Losses RMB 65/mt at RMB 13,100/mt (Jun. 26, 2015)
Jun 26,2015 16:56CST
price review forecast
Source:SMM
SHFE 1508 lead started at RMB 13,135/mt Thursday evening session and ended down RMB 60/mt at RMB 13,105/mt with the low-end price at RMB 13,060/mt.

SHANGHAI, Jun. 26 (SMM) – SHFE 1508 lead started at RMB 13,135/mt Thursday evening session and ended down RMB 60/mt at RMB 13,105/mt with the low-end price at RMB 13,060/mt.

The contract fluctuated between RMB 13,100-13,130/mt after opening Friday trading session and dipped to RMB 13,050/mt on selling pressures. The price closed the day downRMB 65/mt at RMB 13,100/mt after rebounding thanks to support at the 5 and 20-day moving averages. Trading volumes totaled 4,758 lots with positions up 270 to 13,216.

SHFE 1508 lead should fall to test RMB 13,000-13,050/mt this evening.
 

SHFE lead prices

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