SHFE 1507 Lead Grows RMB 80/mt (May 28, 2015)

SHANGHAI, May 28 (SMM) – SHFE 1507 lead opened at RMB 13,260/mt and ended at RMB 13,330/mt Wednesday night.

The contract fluctuated between RMB 13,330-13,370/mt Thursday morning and finished the day at RMB 13,355/mt, up RMB 80/mt. Far-month SHFE lead contracts features falling longs and growing shorts, meaning investors are not optimistic about far-month contracts.