SHANGHAI, Mar. 21 (SMM) – On Tuesday, SHFE lead prices opened slightly higher at RMB 15,905/mt but fluctuated down to move between RMB 15,820-15,860/mt later. At the tail of trading, SHFE lead prices found buying support and regained earlier losses to close at RMB 15,860/mt. Trading volumes decreased by 60 lots to 268 lots and positions were up 48 lots to 16,00 lots.
Spot prices in domestic markets changed little compared with the previous trading day. Quotations for brands such as Yubei and Shuikoushan were between RMB 15,820-15,850/mt. Lead supply from Yuguang increased with prices mainly around RMB 15,850/mt. In the afternoon, quotations for Shuikoushan were at RMB 15,790/mt due to the falling SHFE lead prices. Downstream buyers mainly made inquiries and transactions were limited.