SHANGHAIM, Jul. 3 (SMM) –On Monday, SHFE 1708 lead opened at RMB 17,800/mt and then advanced to RMB 18,170/mt. The contract fell back slightly at the tail of trading as longs took profits and ended at RMB 18,100/mt, up RMB 300/mt or 1.69%. Trading volumes reduced 9,170 to 54,544 lots and positions increased 1,236 to 43,814.
SHFE 1708 lead will stay firm in a short term.