SHANGHAIM, Jun. 27 (SMM) – On Tuesday, SHFE 1708 lead, becoming the most actively traded one, opened at RMB 17,200/mt and then fluctuated at RMB 17,135-17,270/mt. The contract surged to RMB 17,440/mt due to rising Chinese yuan and closed at RMB 17,405/mt, up RMB 220/mt or 1.28%. Trading volumes reduced 1,626 to 55,670 lots and positions rose 1,664 to 40,682.
SHFE 1707 lead will keep fluctuating narrowly in a short term.