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Home / Metal News / SHFE Lead Falls 0.27% (Jan. 20, 2016)

SHFE Lead Falls 0.27% (Jan. 20, 2016)

Jan 20, 2016 18:05

Source:SMM

SHFE 1603 lead started at RMB 13,010/mt for night trading Tuesday and once touched a high of RMB 13,055/mt.

SHANGHAI Jan. 20 (SMM) – SHFE 1603 lead started at RMB 13,010/mt for night trading Tuesday and once touched a high of RMB 13,055/mt. The contract later fell back before ending at RMB 12,965/mt.

SHFE 1603 lead lurched down to RMB 12,805/mt on Wednesday, hurt by plummeting crude oil prices and slump in Asian and Pacific stock market. The contract late bounced back and closed at RMB 12,870/mt, down by RMB 35/mt or 0.27%. Trading volumes reduced 1,534 to 8,354 lots and positions declined 882 to 14,306.

SHFE 1603 lead should remain weak this evening amid overall bearishness.

SHFE lead price

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