SHFE Lead Finishes with Big Gains (2017-6-28)-Shanghai Metals Market

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SHFE Lead Finishes with Big Gains (2017-6-28)

Price Review & Forecast 06:10:42PM Jun 28, 2017 Source:SMM

SHANGHAIM, Jun. 28 (SMM) – On Wednesday, SHFE 1708 lead opened at RMB 17,645/mt and then surged to RMB 17,890/mt with entering of longs. The contract later fell back to RMB 17,575/mt as longs took profits and rallied at the tail of trading. SHFE 1708 lead closed at RMB 17,715/mt, up RMB 455/mt or 2.64%. Trading volumes increased 26,042 to 81,712 lots and positions rose 1,824 to 42,506.

SHFE 1708 lead will hover at highs in a short term.

Why Lead Price Skyrockets, Ignoring Weak Fundamentals? SMM Reports

China Motive Battery Consumption Slows Down on Rainy Weather, SMM Learns

Key Words:  SHFE lead  LME lead  lead prices 

SHFE Lead Finishes with Big Gains (2017-6-28)

Price Review & Forecast 06:10:42PM Jun 28, 2017 Source:SMM

SHANGHAIM, Jun. 28 (SMM) – On Wednesday, SHFE 1708 lead opened at RMB 17,645/mt and then surged to RMB 17,890/mt with entering of longs. The contract later fell back to RMB 17,575/mt as longs took profits and rallied at the tail of trading. SHFE 1708 lead closed at RMB 17,715/mt, up RMB 455/mt or 2.64%. Trading volumes increased 26,042 to 81,712 lots and positions rose 1,824 to 42,506.

SHFE 1708 lead will hover at highs in a short term.

Why Lead Price Skyrockets, Ignoring Weak Fundamentals? SMM Reports

China Motive Battery Consumption Slows Down on Rainy Weather, SMM Learns

Key Words:  SHFE lead  LME lead  lead prices