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SHFE Lead Strengthens (2017-6-14)
Jun 14, 2017 18:08Source:SMM
SHFE 1707 lead opened at RMB 16,750/mt and closed at RMB 16,975/mt, up RMB 105/mt or 0.62%.
SHANGHAI, Jun. 14 (SMM) – On Wednesday, SHFE 1707 lead opened at RMB 16,750/mt and then dipped to RMB 16,770/mt briefly. The contract later declined further to RMB 16,685/mt, hurt by entering of shorts, and rallied with positions opening by longs. SHFE 1707 lead closed at RMB 16,975/mt, up RMB 105/mt or 0.62%. Trading volumes increased 4,772 to 64,860 lots and positions reduced 2,184 to 35,972.
SHEF 1707 lead will hover at highs for the foreseeable future.
SHFE lead
LME lead
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