SHANGHAI, Jun. 2 (SMM) – On Friday, SHFE 1707 lead opened at RMB 16,075/mt and then advanced to RMB 16,250/mt thanks to leaving of shorts. The contract later fluctuated between RMB 16,150-16,250/mt and closed at RMB 16,185/mt, up RMB 95/mt or 0.59%. Trading volumes reduced 1,412 to 64,596 lots and positions fell 412 to 43,184.
SHFE 1707 lead will keep fluctuating at current level for the foreseeable future with lack of upward strength.