SHANGHAI, May 27 (SMM) – SHFE 1607 lead contract started at RMB 12,740/mt overnight and moved higher to RMB 12,875mt. The contract dived to RMB 12,705/mt before closing at RMB 12,735/mt.
SHFE 1607 lead opened at RMB 12,745/mt on Friday and ended up RMB 103/mt or 1.03% at RMB 12,805/mt with the session-low of RMB 12,690/mt and session-high of RMB 12,875/mt. Trading volumes were up 876 to 6,872 lots and positions were down 428 to 14,430.
SHFE 1607 lead may test support at RMB 12,600/mt tonight.