SHANGHAI, Apr. 28 (SMM) – SHFE lead prices opened higher at RMB 15,850/mt on Friday. Most investors stayed out of the market ahead of the May Day holiday, leaving trading market quiet. SHFE lead prices stabilized between RMB 15,810-15,860/mt to finally close at RMB 15,810/mt. Trading volumes increased by 156 lots to 260 lots, and positions were down 30 lots to 1,404 lots.
Spot lead prices in China’s domestic markets rose further on Friday, quotations for Chihong Zn & Ge were at around RMB 15,740/mt, with discounts at RMB 100/mt against the most active SHFE lead prices. Lead of Jiangye was quoted at RMB 15,650/mt. Shenqian and some brands from Gejiu region were mainly quoted at RMB 15,600/mt. On the last trading day ahead of the May Day holiday, transactions remained quiet with buyers still purchasing on an as-needed basis.