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.