SHFE Lead Traders Lower (April 28, 2016)

SHANGHAI, Apr. 28 (SMM) – SHFE 1606 lead started at RMB 13,160/mt overnight and moved lower to RMB 13,020/mt before ending at RMB 13,090/mt, off RMB 40/mt or 0.3%.

SHFE 1606 lead ranged around RMB 13,100/mt on Thursday and met resistance at RMB 13,100/mt, to close at RMB 13,060/mt, down by RMB 70/mt or 0.53%. Trading volumes grew 948 to 8,052 lots and positions reduced 204 to 17,044.

SHFE 1606 lead may struggle around RMB 13,100/mt tonight.