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DashboardDatabaseProReportsEventsCar InsightSHANGHAI, 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.
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