SHFE Lead Ends with Gains (Apr.1, 2016)

Published: Apr 1, 2016 17:41

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SHFE 1605 lead started at RMB 13,240/mt for night trading Thursday and then dipped to RMB 13,170/mt.

SHANGHAI, Apr. 1 (SMM) – SHFE 1605 lead started at RMB 13,240/mt for night trading Thursday and then dipped to RMB 13,170/mt. The contract stabilized at RMB 13,240/mt before ending at RMB 13,235/mt, down RMB 40/mt.

SHFE lead returned above the 60-day moving average on Friday and hit RMB 13,375/mt due to positive reading of economic figures from China, to close at RMB 13,370/mt, up RMB 95/mt or 0.72%. Trading volumes were down 3,250 to 6,380 lots but positions were down 458 to 16,310.

SHFE 1605 lead should head for losses this evening with negative outlook in market.

SHFE lead prices

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