SHANGHAI, May 4 (SMM) – On Thursday, SHFE 1706 lead opened at RMB 16,145/mt and then fluctuated at around RMB 16,120/mt. The contract dived at the tail of trading with LME lead, down as low as to RMB 15,870/mt. SHFE 1706 lead closed at RMB 15,995/mt, down RMB 350/mt or 2.14%. Trading volumes increased 11,970 to 62,948 lots and positions rose 180 to 50,078.
SHFE 1706 lead will fluctuate at RMB 16,000/mt for the near term.