SHFE Lead Prices Up 1.95% (2017-6-5)-Shanghai Metals Market

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SHFE Lead Prices Up 1.95% (2017-6-5)

Price Review & Forecast 05:08:41PM Jun 05, 2017 Source:SMM

SHANGHAI, Jun. 5 (SMM) – On Monday, SHFE 1707 lead opened at RMB 16,110/mt and then climbed to RMB 16,630/mt quickly. The contract later fell back to RMB 16,330/mt with longs taking profits and rallied thanks to leaving of shorts. SHFE 1707 lead closed RMB 315/mt or 1.95% higher at RMB 16,500/mt. Trading volumes rose 17,042 to 81,638 lots and positions increased 846 to 44,030. SHFE 1707 lead challenged resistance at the 60-day moving average but failed.

The contract will remain in upward track for a short term.

Key Words:  SHFE lead  LME lead  lead prices 

SHFE Lead Prices Up 1.95% (2017-6-5)

Price Review & Forecast 05:08:41PM Jun 05, 2017 Source:SMM

SHANGHAI, Jun. 5 (SMM) – On Monday, SHFE 1707 lead opened at RMB 16,110/mt and then climbed to RMB 16,630/mt quickly. The contract later fell back to RMB 16,330/mt with longs taking profits and rallied thanks to leaving of shorts. SHFE 1707 lead closed RMB 315/mt or 1.95% higher at RMB 16,500/mt. Trading volumes rose 17,042 to 81,638 lots and positions increased 846 to 44,030. SHFE 1707 lead challenged resistance at the 60-day moving average but failed.

The contract will remain in upward track for a short term.

Key Words:  SHFE lead  LME lead  lead prices