SHFE Lead Closes Lower (May 23, 2016)-Shanghai Metals Market

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SHFE Lead Closes Lower (May 23, 2016)

Price Review & Forecast 05:51:01PM May 23, 2016 Source:SMM

SHANGHAI, May 23 (SMM) – SHFE 1607 lead contract started at RMB 12,840mt for night trading last Friday and moved lower to RMB 12,670/mt before closing at RMB 12,690/mt, down RMB 65/mt or 0.51%.

SHFE 1607 lead opened at RMB 12,695/mt on Monday and moved higher to RMB 12,830/mt before diving to RMB 12,700/mt answering to LME lead. The contract ended at RMB 12,690/mt, off RMB 65/mt or 0.51%. Trading volumes were up 1,230 to 10,808 lots and positions dropped 2,254 to 14,644.

SHFE 1607 lead may test support at RMB 12,650/mt tonight. 


Key Words:  SHFE lead prices 

SHFE Lead Closes Lower (May 23, 2016)

Price Review & Forecast 05:51:01PM May 23, 2016 Source:SMM

SHANGHAI, May 23 (SMM) – SHFE 1607 lead contract started at RMB 12,840mt for night trading last Friday and moved lower to RMB 12,670/mt before closing at RMB 12,690/mt, down RMB 65/mt or 0.51%.

SHFE 1607 lead opened at RMB 12,695/mt on Monday and moved higher to RMB 12,830/mt before diving to RMB 12,700/mt answering to LME lead. The contract ended at RMB 12,690/mt, off RMB 65/mt or 0.51%. Trading volumes were up 1,230 to 10,808 lots and positions dropped 2,254 to 14,644.

SHFE 1607 lead may test support at RMB 12,650/mt tonight. 


Key Words:  SHFE lead prices