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Home / Metal News / SHFE Lead Prices Up 1.27% (2016-12-15)

SHFE Lead Prices Up 1.27% (2016-12-15)

Dec 15, 2016 16:51

Source:SMM

SHFE 1702 lead opened at RMB 20,475/mt and finally closed at RMB 20,745/mt, up RMB 260/mt or 1.27%.

SHANGHAI, Dec. 15 (SMM) – On Thursday, SHFE 1702 lead opened at RMB 20,475/mt and then advanced to RMB 20,950/mt with rising LME lead. The contract later dropped back to RMB 20,700/mt and finally closed at RMB 20,745/mt, up RMB 260/mt or 1.27%. Trading volumes rose 14,112 to 95,834 lots and positions increased 2,484 to 47,536. Chinese yuan depreciated as US dollar index surged on Thursday, supporting base metals in China’s futures market.

SHFE 1702 lead is expected to keep ranging for the short term with financial strain at the end of year.

SHFE lead

LME lead

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SHFE Lead Prices Up 1.27% (2016-12-15)

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