SHANGHAI, Jun. 8 (SMM) – On Thursday, SHFE 1707 lead opened at RMB 16,495/mt and then fell back to RMB 16,370/mt briefly. Later, the contract surged quickly to RMB 16,750/mt with positions opening by longs and ended at RMB 16,670/mt, up RMB 190/mt or 1.15%. Trading volumes fell 22,040 to 64,474 lots and positions reduced 1,116 to 41,870.
SHFE 1707 lead will try to find more upward strength in a short term.