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SHFE 1508 Lead Closes down RMB 280/mt at RMB 12,820/mt (Jun. 29, 2015)
Jun 29,2015 16:04CST
price review forecast
Source:SMM
The most active contract touched a low of RMB 13,020/mt after opening last Friday evening session at RMB 13,080/mt, to end down RMB 40/mt at RMB 13,060/mt.

SHANGHAI, Jun. 29 (SMM) – The most active contract touched a low of RMB 13,020/mt after opening last Friday evening session at RMB 13,080/mt, to end down RMB 40/mt at RMB 13,060/mt.

The contract dived to RMB 12,755/mt on Monday and closed the day down RMB 280/mt or 2.14% at RMB 12,820/mt. Trading volumes fell 1,012 to 3,746 lots with positions down 110 to 13,106. 

SHFE 1508 lead should test RMB 12,800/mt this evening with technical indicators pointing downwards.
 

SHFE lead prices

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