SHANGHAI, Mar. 29 (SMM) – SHFE 1605 lead started at RMB 13,575/mt for night trading Monday and once reached RMB 13,650/mt. The contract fell back after meeting resistance at the 20-day moving average, to end at RMB 13,540/mt, down RMB 10/mt or 0.07%.

SHFE lead narrowly ranged RMB 13,560-13,610 on Tuesday and closed the day at RMB 13,550/mt, down RMB 25/mt or 0.18%. Trading volumes were up 32 to 4,220 lots and positions were down 406 to 18,722.

SHFE 1605 lead should tse support at RMB 13,500/mt this evening.