SHANGHAI, Jul. 3 (SMM) – SHFE 1508 lead opened at RMB 13,100/mt during evening session Thursday and closed the session up RMB 80/mt at RMB 13,050/mt.
The August-delivery lead touched a low of RMB 12,910/mt during Friday trading session and finished the day at RMB 12,955/mt, falling RMB 15/mt or 0.12%.
Strong resistance has emerged at the 10 and 20-day moving averages. Thus, the contract should move at low this evening.