SHFE Lead Closes with Gains (May 19, 2016)
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 Closes with Gains (May 19, 2016)
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.
