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SHFE Lead Finishes with Small Gains (2017-5-8)
May 8, 2017 17:10SHFE 1706 lead started at RMB 16,120/mt and closed at RMB 16,050/mt, up RMB 30/mt or 0.19%.
SHANGHAI, May 8 (SMM) – On Monday, SHFE 1706 lead started at RMB 16,120/mt and then plunged to RMB 15,805/mt. Later, the contract rallied to RMB 16,080/mt at the tail of trading with shorts taking profits, and closed at RMB 16,050/mt, up RMB 30/mt or 0.19%. Positions increased 406 to 49,714 and trading volumes rose 15,768 to 74,984 lots.
SHFE 1706 lead, weighed by the moving averages, will remain weak for the near term.
SHFE lead
LME lead
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