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SHFE Lead Closes up 0.07% (2016-8-25)
Aug 25,2016 17:25CST
SMM Comments
Source:SMM
SHFE 1610 lead started at RMB 13,910/mt and ended at RMB 13,970/mt, up RMB 10/mt or 0.07%.

SHANGHAI, Aug. 25 (SMM) – On Wednesday’s night trading, SHFE 1610 lead opened at RMB 13,995/mt and then advanced to RMB 14,070/mt before dropping back to RMB 13,920/mt. The contract finally closed at RMB 13,920/mt.

On Thursday, SHFE 1610 lead started at RMB 13,910/mt and then stabilized around RMB 13,905/mt. The contract touched RMB 13,990/mt and gave up previous gains at the tail of trading before ending at RMB 13,970/mt, up RMB 10/mt or 0.07%. Trading volumes rose 3,828 to 13,130 lots and positions increased 648 to 18,006. To sum up, SHFE 1610 lead traded above the 5-day moving average on Thursday.

SHFE 1610 lead should keep challenging RMB 14,000/mt for the short term. 


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