SHANGHAI, Mar. 21 (SMM) – SHFE 1605 lead started at RMB 13,600/mt last Friday night and fell back to RMB13,470/mt, to close at RMB 13,590/mt, a fall of RMB 125/mt or 0.91%.
SHFE lead ranged RMB 13,600-13,700/mt during Monday trading session and ended the day at RMB 13,595/mt, off RMB 12/mt or 0.87%. Trading volumes dropped 4,052 to 8,784 lots and positions fell 412 to 18,070.
SHFE 1505 lead will stay weak this evening with resistance at moving averages due to strong dollar.