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SHFE Lead Finishes with Gains (2017-1-11)
Jan 11, 2017 17:46Source:SMM
SHFE 1702 lead started at RMB 18,800/mt and finally ended at RMB 18,780/mt, up RMB 315/mt or 1.71%.
SHANGHAI, Jan. 11 (SMM) – On Wednesday, SHFE 1702 lead started at RMB 18,800/mt and then dipped to RMB 18,620/mt. The contract later stabilized and finally ended at RMB 18,780/mt, up RMB 315/mt or 1.71%. Trading volumes fell 15,900 to 75,406 lots and positions reduced 4,796 to 30,978. SHFE Lead stopped 5-day rise on Wednesday. This, combined with quiet trading in China’s spot market, will lead to SHFE 1702 lead moving below the 40-day moving average in a short term.
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