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SHFE Lead Moves Lower (016-12-14)
Dec 14, 2016 16:41Source:SMM
SHFE 1702 lead opened at RMB 20,390/mt and finally closed at RMB 20,490/mt, down RMB 95/mt or 0.46%.
SHANGHAI, Dec. 14 (SMM) – On Wednesday, SHFE 1702 lead opened at RMB 20,390/mt and then fluctuated at around RMB 20,440/mt, up to as highs as RMB 20,560/mt. The contract finally closed at RMB 20,490/mt, down RMB 95/mt or 0.46%. Trading volumes were down 854 to 81,722 and positions were up 38 to 45,052. China’s new created loans and social financing were higher than expected in November while M2 missed the expectation.
SHFE 1702 lead will keep fluctuating in a short term with market’s wary sentiment.
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