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SHANGHAIM, Jul. 17 (SMM) – On Monday, SHFE 1708 lead opened at RMB 17,695/mt and advanced to RMB 17,890/mt briefly. Later, the contract dipped to RMB 17,750/mt quickly, and rallied to RMB 17,875/mt due to positive economic data in China. SHFE 1708 lead closed at RMB 17,835/mt, up RMB 220/mt or 1.25%. Trading volumes reduced 5,664 to 40,386 lots and positions fell 1,940 to 35,468.
The contract will stay at highs in a short term.
