SHFE Lead Closes with Gains (May 19, 2016)

Published: May 19, 2016 17:22

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SHFE 1607 lead contract started at RMB 12,815/mt overnight and moved lower to RMB 12,700/mt.

SHANGHAI, May 19 (SMM) – SHFE 1607 lead contract started at RMB 12,815/mt overnight and moved lower to RMB 12,700/mt. The contract grew to RMB 12,870/mt before closing at RMB 12,780/mt, down RMB 90/mt or 0.7%.

SHFE 1607 lead opened at RMB 12,815/mt on Thursday and moved around RMB 12,790/mt before rallying to RMB 12,870/mt. The contract ended at RMB 12,870/mt. Trading volumes were up 3,834 to 11,854 lots and positions dropped 968 to 16,522.

SHFE 1607 lead should fall further in near term.

SHFE lead prices

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