SHANGHAI, Aug. 2 (SMM) – On Wednesday, SHFE 1709 lead opened at RMB 18,185/mt and then declined to RMB 18,180/mt. During the afternoon trading, the contract surged to RMB 18,400/mt and dropped slightly with longs taking profits. Later, SHFE 1709 lead climbed to RMB 18,455/mt and ended at RMB 18,445/mt, up RMB 255/mt or 1.40%. Trading volumes increased 11,818 to 51,802 lots and positions rose 826 to 47,084.
SHFE 1709 lead will keep hovering at highs on Wednesday’s night trading.