SHANGHAI, May 6 (SMM) – SHFE 1607 lead shifted to the most active contract overnight. The contract started at RMB 13,070/mt and moved around RMB 13,000/mt with closing prices at RMB 12,995/mt.
SHFE 1607 lead sank to RMB 12,845/mt on Friday and closed at RMB 12,925/mt, down RMB 210/mt or 1.6%. Trading volumes were up 4,430 to 8,746 lots and positions grew 1,898 to 15,304.
SHFE 1607 lead should fall further this evening.