SHFE Lead Increases RMB 105/mt (Mar. 2, 2016)

SHANGHAI, Mar. 2 (SMM) – SHFE 1604 lead started at RMB 13,690/mt overnight and bounced back modestly after falling to the 10-day moving average, to close at RMB 13,680/mt, a gain of RMB 45/mt or 0.33%.

SHFE 1604 lead grew quickly to RMB 13,800/mt for day trading Wednesday and then met resistance at RMB 13,800/mt, to close at RMB 13,740/mt, an increase of RMB 105/mt or 0.77%.Trading volumes fell 906 to 7,518 while positions grew 80 to 19,942.