SHANGHAI, Apr. 1 (SMM) – SHFE 1305 lead contract price gapped lower at RMB 14,300/mt on Monday without guide from the LME lead and fell along with SHFE copper to RMB 14,215/mt. Although China’s official manufacturing PMI for March was reported above forecast and previous level, depressed demand for spot lead caused left little impetus for futures price to rise. Thus, SHFE 1305 lead contract price moved between RMB 14,260-14,300/mt before ending at RMB 14,290/mt, down RMB 60/mt from the previous trading day. Traded volumes fell 248 lots to 130 lots, positions fell 22 lots to 1,934 lots.
