SHANGHAI, Apr. 25 (SMM) – SHFE lead prices opened RMB 50/mt lower at RMB 15,715/mt on Tuesday. Later, prices fluctuated narrowly and maintained stable to finally close at RMB 15,740/mt. Trading volumes were down 148 lots to 166 lots, and positions were down 68 lots to 1,482 lots.
Trading in China’s domestic spot markets was modest. Quotations for Chihong Zn & Ge and Shuangyan were between RMB 15,680-15,700/mt, with discounts of RMB 30-50/mt against the most active SHFE lead prices. Shenqian and Yunyue were quoted at around RMB 15,600/mt. Market was quiet in the afternoon with futures prices remained little changed.