SHFE Lead Prices down 1.50% (2017-6-23)-Shanghai Metals Market

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SHFE Lead Prices down 1.50% (2017-6-23)

Price Review & Forecast 05:17:11PM Jun 23, 2017 Source:SMM

SHANGHAIM, Jun. 23 (SMM) – On Friday, SHFE 1707 lead opened at RMB 17,750/mt and then fluctuated at RMB 17,660-17,770/mt. The contract later plunged to RMB 17,485/mt with positions opening by shorts, and rallied slightly as shorts took profits. SHFE 1707 lead declined to RMB 17,380/mt after shorts strengthened and closed at RMB 17,460/mt, down RMB 265/mt or 1.50%. Trading volumes fell 6,430 to 44,926 lots and positions dropped 4,616 to 30,262.

SHFE 1707 lead will keep hovering at highs in a short term.

Key Words:  SHFE lead  LME lead  lead prices 

SHFE Lead Prices down 1.50% (2017-6-23)

Price Review & Forecast 05:17:11PM Jun 23, 2017 Source:SMM

SHANGHAIM, Jun. 23 (SMM) – On Friday, SHFE 1707 lead opened at RMB 17,750/mt and then fluctuated at RMB 17,660-17,770/mt. The contract later plunged to RMB 17,485/mt with positions opening by shorts, and rallied slightly as shorts took profits. SHFE 1707 lead declined to RMB 17,380/mt after shorts strengthened and closed at RMB 17,460/mt, down RMB 265/mt or 1.50%. Trading volumes fell 6,430 to 44,926 lots and positions dropped 4,616 to 30,262.

SHFE 1707 lead will keep hovering at highs in a short term.

Key Words:  SHFE lead  LME lead  lead prices