SHANGHAIM, Jul. 6 (SMM) – On Friday, SHFE 1708 lead opened at RMB 17,645/mt and then fluctuated at around the moving average. During the afternoon trading, the contract surged to RMB 17,830/mt with rising ferrous metals and ended at RMB 17,810/mt, up RMB 360/mt or 2.06%. Trading volumes reduced 8,218 to 46,536 lots and positions fell 62 to 40,234.
SHFE 1708 lead will stay at highs in a short term.