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SHFE Lead Ends with Losses (2016-9-9)
Sep 9, 2016 18:37Source:SMM
SHFE 1610 lead started at RMB 14,140/mt and closed at RMB 14,145/mt, down RMB 60/mt or 0.42%.
SHANGHAI, Sept. 9 (SMM) – On Thursday’s night trading, SHFE 1610 lead opened at RMB 14,160/mt and then moved lower to RMB 14,045/mt. The contract later rallied to RMB 14,190/mt with growth in LME lead and ended at RMB 14,135/mt.
On Friday, SHFE 1610 lead started at RMB 14,140/mt and then fluctuated at around RMB 14,150/mt before closing at RMB 14,145/mt, down RMB 60/mt or 0.42%. Trading volumes were down 2,050 to 7,464 lots and positions were up 2 to 18,800. Trading was sluggish in China’s domestic market with traders taking a wait-and-see stance.
SHFE lead should keep ranging above RMB 14,000/mt for the short term.
SHFE lead price
LME lead prices
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