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SHFE Lead Strengthens (2017-5-22)
May 22,2017 17:52CST
price review forecast
Source:SMM
SHFE 1706 lead opened at RMB 15,500/mt and ended at RMB 15,730/mt, up RMB 360/mt or 2.34%.

SHANGHAI, May 22 (SMM) – On Monday, SHFE 1706 lead opened at RMB 15,500/mt and then surged sharply to RMB 15,810/mt with entering of longs. SHFE 1706 lead later stayed firm and ended at RMB 15,730/mt, up RMB 360/mt or 2.34%. Trading volumes reduced 6,550 to 54,122 lots and positions dropped 916 to 36,876.

SHFE 1706 lead will fluctuate at current level for a short term with support at RMB 15,000/mt but lack of upward strength.

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