SHFE Lead Closes Down (2016-9-8)

Published: Sep 8, 2016 17:30

Save

SHFE 1610 lead started at RMB 14,160/mt and ended at RMB 14,135/mt, down RMB 130/mt or 0.91%.

SHANGHIA, Sept. 8 (SMM) – On Wednesday’s night trading, SHFE 1610 lead opened lower at RMB 14,160/mt and soared to RMB 14,325/mt before falling to RMB 14,115/mt. The contract finally ended at RMB 14,150/mt.

On Thursday, SHFE 1610 lead started at RMB 14,160/mt and then ranged at RMB 14,130-14,210/mt before ending at RMB 14,135/mt, down RMB 130/mt or 0.91%. Trading volumes dropped 1,036 to 9,514 lots and positions reduced 1,040 to 18,798. SHFE 1610 lead fluctuated in a small range below the 10-day moving average on Thursday.

SHFE 1610 lead is expected to keep fluctuating for the short term with declines in trading volumes.

SHFE lead price LME lead prices lead prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn