SHFE Lead Gains 0.42% (Dec. 31, 2015)

SHANGHAI, Dec. 31 (SMM) – SHFE 1602 lead opened Wednesday night session at RMB 13,075/mt and increased to RMB 13,160/mt. But the contract later fell back to RMB 13,070/mt due to growing shorts and ended at RMB 13,145/mt, up by RMB 30/mt or 0.23%.

SHFE 1602 lead narrowly ranged RMB 13,120-13,180/mt on Thursday and ended the day at RMB 13,170/mt, gaining RMB 55/mt or 0.42%. Trading volumes dropped 4,018 to 9,716 lots and positions fell 648 to 16,978.

SHFE 1602 lead should test resistance at RMB 13,200/mt this evening with upbeat technical indicators.