SHANGHAIM, Jul. 14 (SMM) – On Friday, SHFE 1708 lead opened at RMB 17,590/mt and then dipped to RMB 17,470/mt. Later, the contract rallied slightly with shorts taking profits, up to as high as RMB 17,610/mt. SHFE 1708 lead ended at RMB 17,600/mt, down RMB 285/mt or 1.59%. Trading volumes rose 13,910 to 46,050 lots and positions reduced 1,546 to 37,408.
SHFE 1708 lead will drop slightly in a short term.
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