SHFE Lead Closes with Losses (2016-12-13)

SHANGHAI, Dec. 13 (SMM) – On Tuesday, SFHE 1702 lead opened at RMB 20,690/mt and then climbed to RMB 20,820/mt. During the afternoon trading, SHFE 1702 lead dropped to RMB 20,300/mt and finally ended at RMB 20,545/mt, down RMB 55/mt or 0.27%. Trading volumes rose 2,592 to 82,576 lots and positions increased 2,992 to 45,014. China’s industrial added value increased 6.2% YoY in November, up 0.2 percentage point from October’s level, which was higher than expectation at 6.1%. Base metals thus increased briefly in China’s market and later gave up previous gains.

SHFE 1702 lead will keep fluctuating at current price for the foreseeable future.