SHANGHAI, Apr. 11 (SMM) – On Tuesday, SHFE 1705 lead opened at RMB 16,415/mt and then stabilized. During the afternoon trading, the contract fluctuated with a session-high at RMB 16,490/mt and a session-low at RMB 16,285/mt. SHFE 1705 lead closed down RMB 120/mt or 0.73%. Trading volumes fell 18,050 to 72,748 lots and positions reduced 1,774 to 43,252. SHFE 1705 lead stopped falling and stabilized on Tuesday.
The contract will remain weak for the near term.