SHFE Lead Prices Up 2.11% (2017-6-20)-Shanghai Metals Market

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SHFE Lead Prices Up 2.11% (2017-6-20)

Price Review & Forecast 05:23:50PM Jun 20, 2017 Source:SMM

SHANGHAIM, Jun. 20 (SMM) – On Tuesday, SHFE 1707 lead opened at RMB 17,410/mt and then fluctuated between RMB 17,390-17,450/mt. Later, the contract registered intra-day high at RMB 17,780/mt with longs entering after Chinese yuan depreciated. SHFE 1707 lead fell back due to longs taking profits and closed at RMB 17,675/mt, up RMB 365/mt or 2.11%. Trading volumes rose 902 to 51,984 lots and positions increased 1,232 to 34,806.

SHFE 1707 lead will hover at highs in a short term with strong support from the moving averages.

Key Words:  SHFE lead  LME lead  lead prices 

SHFE Lead Prices Up 2.11% (2017-6-20)

Price Review & Forecast 05:23:50PM Jun 20, 2017 Source:SMM

SHANGHAIM, Jun. 20 (SMM) – On Tuesday, SHFE 1707 lead opened at RMB 17,410/mt and then fluctuated between RMB 17,390-17,450/mt. Later, the contract registered intra-day high at RMB 17,780/mt with longs entering after Chinese yuan depreciated. SHFE 1707 lead fell back due to longs taking profits and closed at RMB 17,675/mt, up RMB 365/mt or 2.11%. Trading volumes rose 902 to 51,984 lots and positions increased 1,232 to 34,806.

SHFE 1707 lead will hover at highs in a short term with strong support from the moving averages.

Key Words:  SHFE lead  LME lead  lead prices