SHANGHAI, May 23 (SMM) – On Tuesday, SHFE 1706 lead opened at RMB 15,805/mt and then advanced to RMB 15,955/mt. The contract later declined to RMB 15,760/mt as shorts strengthened and then fluctuated slightly. SHFE 1706 lead closed at RMB 15,795/mt, up RMB 65/mt or 0.41%. Trading volumes fell 10,026 to 44,096 lots and positions dropped 4,634 to 30,974.
SHFE 1706 lead will keep fluctuating at current level for a short term.