SHANGHAI, Jul. 3 (SMM) – SHFE 1309 lead contract price, little affected by the rises in LME lead overnight, started Tuesday at RMB 13,935/mt, and stayed between RMB 13,935-13,965/mt despite the LME lead prices touching a high of USD 2,100/mt and Shanghai Composite Index returning above 2,000. At the tail of trading, however, prices rallied driven by a transaction made at RMB 14,280/mt for short covering, and finally closed at RMB 14,280/mt, up RMB 340/mt or 2.44%. Trading volumes increased 32 lots to 98 lots, and positions increased 14 lots to 1,970 lots. Settlement price remained below RMB 14,000/mt at RMB 13,965/mt. The stagnant SHFE lead prices prevented spot lead prices from rising.