SHANGHAI, Sept. 19 (SMM) – SHFE market was closed during last Wednesday to Friday due to China’s Mid-Autumn Festival on September 15-17.
On Monday, SHFE 1611 lead became the most actively traded contract. SHFE 1611 lead opened higher at RMB 14,220/mt due to rising LME lead last week and fluctuated at around RMB 14,200/mt. The contract finally ended at RMB 14,250/mt, up RMB 190/mt or 1.35%. Trading volumes reduced 1,678 to 6,812 lots and positions rose 1,438 to 15,350.
SHFE 1611 lead moved stably on Monday. Cargo holders offered prices firmly in China’s domestic spot market, helping SHFE 1611 lead up. SHFE 1611 lead is expected to stabilize at current price for the short term.
Today is the last trading day for SHFE 1609 lead. SHFE 1609 lead opened at RMB 14,155/mt on Monday and once advanced to RMB 14,300/mt. The contract ended at RMB 14,290/mt, up RMB 245/mt or 1.74%. Settlement price was RMB 14,250/mt. Trading volumes were down 920 to 60 lots and positions were up 10 to 3,480.