SHANGHAI, Apr. 21 (SMM) – With the absence of guidance from LME lead prices, the most active SHFE 1405 lead contract price started last Friday’s night session at RMB 13,830/mt, and then dipped below the RMB 13,800/mt mark. The metal subsequently sank to a low of RMB 13,760/mt, and closed down RMB 25/mt, or 0.18%, at RMB 13,760/mt. Traded volumes were only 40 lots, while positions were off 12 lots to 5,898 lots.

SHFE lead prices rose Monday by RMB 170/mt back above RMB 13,800/mt, and later rose further to end at RMB 13,825/mt. Traded volumes gained 296 lots to 1,154 lots, and positions expanded 220 lots to 6,130 lots.