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SHANGHAIM, Jul. 13 (SMM) – On Thursday, SHFE 1708 lead opened at RMB 17,950/mt and then fell to RMB 17,785/mt. Later, the contract rallied to RMB 17,995/mt with longs strengthening, and fell back at the tail of trading. SHFE 1708 lead closed at RMB 17,885/mt, down RMB 35/mt or 0.2%. Trading volumes reduced 18,040 to 32,140 lots and positions dropped 1,214 to 38,954.
SHFE 1708 lead will stay firm in a short term.
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