SHANGHAIM, Jul. 28 (SMM) – On Friday, SHFE 1709 lead opened at RMB 18,140/mt and then climbed to RMB 18,300/mt. Later, the contract slumped to RMB 17,965/mt and fluctuated at RMB 18,030-18,090/mt. SHFE 1709 lead ended at RMB 18,030/mt, down RMB 185/mt or 1.02%. Trading volumes reduced 5,940 to 84,370 lots and positions lowered 1,560 to 45,274.
SHFE 1709 lead will challenge RMB 18,300/mt in the coming week.