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SHFE Lead Ends with Losses (Mar. 30, 2016)
SHANGHAI, Mar. 30 (SMM) – SHFE 1605 lead started at RMB 13,550/mt for night trading Tuesday and then ranged RMB 13,450-13,575/mt, to end at RMB 13,520/mt, down RMB 65/mt.
SHFE lead hovered around RMB 13,500 on Wednesday and sank to RMB 13,285/mt before closing the day at RMB 13,295/mt, down RMB 290/mt or 2.13%. Trading volumes were up 3,370 to 7,590 lots but positions were down 1,290 to 17,432.
SHFE 1605 lead should test support at the 60-day moving average this evening.
SHFE Lead Ends with Losses (Mar. 30, 2016)
SHANGHAI, Mar. 30 (SMM) – SHFE 1605 lead started at RMB 13,550/mt for night trading Tuesday and then ranged RMB 13,450-13,575/mt, to end at RMB 13,520/mt, down RMB 65/mt.
SHFE lead hovered around RMB 13,500 on Wednesday and sank to RMB 13,285/mt before closing the day at RMB 13,295/mt, down RMB 290/mt or 2.13%. Trading volumes were up 3,370 to 7,590 lots but positions were down 1,290 to 17,432.
SHFE 1605 lead should test support at the 60-day moving average this evening.
