SHFE Lead Strengthened (2017-5-11)

Published: May 11, 2017 17:50

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SHFE 1706 lead started at RMB 16,175/mt and closed above the 20-day moving average at RMB 16,340/mt.

SHANGHAI, May 11 (SMM) – On Thursday, SHFE 1706 lead started at RMB 16,175/mt and then climbed up. During the afternoon trading, the contract surged to RMB 16,425/mt with other base metals and declined slightly at the tail of trading. SHFE 1706 lead finally closed above the 20-day moving average at RMB 16,340/mt. The 5, 10 and 20-day moving averages shows support, but sluggish downstream consumption weighs down SHFE 1706 lead. Trading volumes fell 1,530 to 65,074 lots and positions reduced 1,292 to 45,568.

SHFE lead LME lead lead prices

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