SHFE Lead Ends Lower (May 16, 2016)-Shanghai Metals Market

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SHFE Lead Ends Lower (May 16, 2016)

Price Review & Forecast 05:59:20PM May 16, 2016 Source:SMM

SHANGHAI, May 16 (SMM) – SHFE 1607 lead contract started at RMB 12,885/mt for night session last Friday and ranged RMB 12,780-12,925/mt with closing prices at RMB 12,835/mt, down RMB 50/mt or 0.39%.

SHFE 1607 lead fluctuated around RMB 12,890/mt on Monday and fell back after meeting resistance at the 5-day moving average, to end at RMB 12,880/mt, falling RMB 80/mt or 0.62%. Trading volumes were down 1,324 to 8,528 lots and positions grew 454 to 17,534.


Key Words:  SHFE lead prices 

SHFE Lead Ends Lower (May 16, 2016)

Price Review & Forecast 05:59:20PM May 16, 2016 Source:SMM

SHANGHAI, May 16 (SMM) – SHFE 1607 lead contract started at RMB 12,885/mt for night session last Friday and ranged RMB 12,780-12,925/mt with closing prices at RMB 12,835/mt, down RMB 50/mt or 0.39%.

SHFE 1607 lead fluctuated around RMB 12,890/mt on Monday and fell back after meeting resistance at the 5-day moving average, to end at RMB 12,880/mt, falling RMB 80/mt or 0.62%. Trading volumes were down 1,324 to 8,528 lots and positions grew 454 to 17,534.


Key Words:  SHFE lead prices