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SHFE Lead Jumps 3.49% (2017-8-9)
Aug 9,2017 17:32CST
price review forecast
Source:SMM
SHFE 1709 lead opened at RMB 19,010/mt and closed at RMB 19,700/mt, up RMB 665/mt or 3.49%.

SHANGHAI, Aug. 9 (SMM) – On Wednesday, SHFE 1709 lead opened at RMB 19,010/mt and then dropped to RMB 19,335/mt. Later, the contract advanced to RMB 20,200/mt briefly and fell back slightly at the tail of trading with longs taking profits. SHFE 1709 lead closed at RMB 19,700/mt, up RMB 665/mt or 3.49%. Trading volumes increased 17,408 to 67,198 lots and positions reduced 3,582 to 37,578.

SMM Survey: Supply Shortage Allows Lead Price to Rise Further

SHFE 1709 lead, hitting a 6-month high, will challenge RMB 19,800/mt on Wednesday’s night trading.

Battery Producers Restrict Purchases or Stop Receiving Orders amid Sharp Rise in Cost, SMM Reports

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