SHANGHAI, Jun. 14 (SMM) – On Wednesday, SHFE 1708 lead opened at RMB 45,750/mt and then fluctuated. Later, the contract advanced and hovered at RMB 45,925/mt at the tail of trading. SHFE 1708 copper closed at RMB 45,960/mt. Positions reduced 8,984 to 215,000 and trading volumes increased 26,932 to 224,000 lots. SHFE 1708 copper rallied on Wednesday.
The contract will fluctuate at current level on Wednesday’s night trading, waiting for direction from US’s Federal Reserve’s rate decision meeting.