SHANGHAI, Sept. 30 (SMM) – On Thursday’s night trading, SHFE 1611 lead opened at RMB 15,130/mt and then hit the two years’ best at RMB 15,320/mt. The contract finally closed at RMB 15,305/mt.
On Friday, SHFE 1611 lead started at RMB 15,255/mt and then stabilized at RMB 15,270/mt. The contract climbed to RMB 15,460/mt at the tail of trading, which was nearing to the highest level of RMB 15,510/mt posted in July 2014. SHFE 1611 lead finally ended at RMB 15,445/mt, up RMB 485/mt or 3.24%. Trading volumes rose 8,230 to 32,486 lots and positions increased 3,542 to 28,074.
SHFE 1611 lead should keep firm for the short term. SHFE market will close for a week since tonight for China’s National Day Holiday during October 1-7.