SHANGHAI, Aug. 17 (SMM) – On Thursday, SHFE 1710 lead opened at RMB 19,580/mt and then fluctuated at RMB 20,115-20,300/mt. Later, the contract advanced to RMB 20,535 sharply with longs entering. During the afternoon trading, SHFE 1710 lead fell back to RMB 20,260/mt as longs took profits, and closed at RMB 20,365/mt, up RMB 925/mt or 4.76%. Trading volumes increased 74,320 to 140,000 lots and positions were up 7,548 to 44,950.
SHFE 1710 lead will grow further on Thursday’s nigh trading.