SHFE Lead Finishes with Small Losses (2017-5-15)

Published: May 15, 2017 17:11

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SHFE 1706 lead opened at RMB 15,920/mt and closed at RMB 15,965/mt, down 55/mt or 0.34%.

SHANGHAI, May 15 (SMM) – On Monday, SHFE 1706 lead opened at RMB 15,920/mt and then fluctuated above the moving average at RMB 15,935-15,985/mt. The contract dipped sharply at the tail of trading with entering of shorts, down as low as RMB 15,885/mt, and later rallied to RMB 15,995/mt as longs strengthened. SHFE 1706 lead closed at RMB 15,965/mt, down 55/mt or 0.34%. Trading volumes reduced 3,132 to 62,448 lots and positions dropped 1,730 to 42,494. Price gap between SHFE 1705 lead and SHFE 1706 lead widened to RMB 125/mt, and trading volumes of SHFE 1705 lead rose 490 to 670 lots and positions dropped 210 to 9,390.

SHFE 1706 lead will remain weak for the foreseeable future.

SHFE lead LME lead lead prices

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