SHANGHAIM, Jun. 29 (SMM) – SHFE 1708 lead opened at RMB 17,675/mt on Wednesday’s night trading and then climbed to RMB 17,755/mt. The contract later fell back slightly with longs taking profits and fluctuated between RMB 17,680-17,750/mt. SHFE 1708 lead traded at RMB 17,690-17,800/mt after opening on Thursday. During the afternoon trading, the contract registered intraday highest level at RMB 17,855/mt with rising ferrous metals. SHFE 1708 lead ended at RMB 17,735/mt, up RMB 75/mt or 0.71%. Trading volumes reduced 19,254 to 62,458 lots and positions dropped 820 to 41,686.
SHFE 1708 lead will keep hovering at highs in a short term.