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SHFE Lead Trades down (Mar. 24, 2016)

iconMar 24, 2016 22:16
Source:SMM
SHFE 1605 lead started at RMB 13,545/mt overnight and then dived to RMB 13,465/mt and ended at RMB 13,565/mt.

SHANGHAI, Mar. 24 (SMM) – SHFE 1605 lead started at RMB 13,545/mt overnight and then dived to RMB 13,465/mt and ended at RMB 13,565/mt, off RMB 25/mt.

SHFE nickel ranged RMB 13,500-13,590/mt on Thursday and met resistance at RMB 13,600/mt, to close the day at RMB 13,520/mt, off 0.52%. Trading volumes grew 1,148 to 8,002 lots and positions increased 196 to 18,838.

SHFE 1605 lead should fall below RMB 13,500/mt with stronger dollar and resistance at the 10 and 20-day moving averages. 


SHFE lead prices

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