SHANGHAI, Jun. 1 (SMM) – On Thursday, SHFE 1707 lead started at RMB 15,865/mt and then soared to RMB 16,170/mt thanks to entering of longs. The contract later fell back to RMB 15,965/mt with positions opening by shorts and fluctuate between RMB 16,050-16,100/mt at the tail of trading. SHFE 1707 lead ended RMB 255/mt or 1.61% higher at RMB 16,090/mt. Trading volumes increased 18,102 to 66,008 lots and positions rose 448 to 43,596.
The contract will fluctuate at current level in a short term.