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.