SHANGHAI, Mar. 4 (SMM) – The most active SHFE 1404 lead contract started at the lowest level of RMB 13,770/mt in Monday’s night session, and finished down RMB 25/mt or 0.18% at RMB 13,810/mt. Trading volumes hit the lowest of 38 lots since the night session was launched. SHFE 1404 lead contract prices were dragged down by declining LME lead prices after opening at RMB 13,810/mt. The metal, however, rebounded to a high of RMB 13,850/mt during the afternoon trading session due to an increasing number of shorts liquidating positions, and ended up RMB 5/mt or 0.04% at RMB 13,840/mt. Trading volumes shrunk by 1,046 lots to 1,334 lots, and positions gained by 254 lots to 9,328 lots.