Non-ferrous![](https://static.metal.com/common.metal.com/images/header-en/downward.png)
![](https://static.metal.com/common.metal.com/images/header-en/downward.png)
Non-ferrous
Base Metals![](https://static.metal.com/common.metal.com/images/header-en/arrow_right_black.png)
![](https://static.metal.com/common.metal.com/images/header-en/arrow_right_black.png)
Rare Earth![](https://static.metal.com/common.metal.com/images/header-en/arrow_right_black.png)
![](https://static.metal.com/common.metal.com/images/header-en/arrow_right_black.png)
Scrap Metals![](https://static.metal.com/common.metal.com/images/header-en/arrow_right_black.png)
![](https://static.metal.com/common.metal.com/images/header-en/arrow_right_black.png)
Minor Metals![](https://static.metal.com/common.metal.com/images/header-en/arrow_right_black.png)
![](https://static.metal.com/common.metal.com/images/header-en/arrow_right_black.png)
Precious Metals![](https://static.metal.com/common.metal.com/images/header-en/arrow_right_black.png)
![](https://static.metal.com/common.metal.com/images/header-en/arrow_right_black.png)
New Energy![](https://static.metal.com/common.metal.com/images/header-en/downward.png)
DashboardDatabaseProReportsEventsCar Insight![](https://static.metal.com/common.metal.com/images/header-en/downward.png)
SHANGHAI, Feb. 28 (SMM) – On Tuesday, SHFE 1704 lead opened at RMB 18,575/mt and then declined to RMB 18,380/mt after a slight growth. Later, the contract fluctuated at lows and although longs strengthened, the contract only rallied slightly with lack of rising strength. SHFE 1704 lead ended at RMB 18,450/mt, down RMB 300/mt or 1.6%. Trading volumes increased 4,352 to 46,534 lots and positions rose 2,076 to 40,788. SHFE 1704 lead dropped below the 40-day moving average and fell for five days in a row on Tuesday.
SHFE 1704 lead will remain weak in a short term.
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