SHFE Lead Closes at an Intra-Day High (Mar. 11, 2016)

Published: Mar 11, 2016 15:34

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SHFE 1605 lead started at RMB 13,630/mt overnight and once dipped to RMB 13,520/mt.

SHANGHAI, Mar. 11 (SMM) – SHFE 1605 lead started at RMB 13,630/mt overnight and once dipped to RMB 13,520/mt. Later, the contract moved around RMB 13,650/mt after finding support at the 20-day moving average, to close at RMB 13,590/mt, a drop of RMB 85/mt or 0.62%.

SHFE 1605 lead gradually moved higher to RMB 13,770/mt on Friday and ended the day at RMB 13,770/mt, a gain of RMB 95/mt or 0.69%. Trading volumes dropped 1,270 to 7,014 lots while positions grew 530 to 18,830.

SHFE lead prices

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