SHANGHAI, Nov 4 (SMM) – On Friday, SFHE 1612 lead opened at RMB 16,726/mt and then advanced to RMB 16,740/mt. The contract later declined to RMB 16,570/mt and rallied again. During the afternoon trading, SHFE 1612 lead fluctuated at around RMB 16,670/mt and finally closed at RMB 16,680/mt, up RMB 190/mt or 1.15%. Trading volumes were up 342 to 11994 lots and positions were down 1,692 to 23,310. SHFE 1612 lead moved higher than LME lead on Friday, mainly supporting by firm spot lead in China’s domestic market.
SHFE 1612 lead is expected to be sensitive to rise for the foreseeable future.