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SHANGHAI, Apr. 29 (SMM) – The most active SHFE 1405 lead contract started Monday’s night session at RMB 13,885/mt, and finished down RMB 10/mt at RMB 13,905/mt, with only 12 lots of traded volumes. On Tuesday, SHFE lead prices slid as low as RMB 13,860/mt, but recovered some subsequently to hit a high of RMB 13,895/mt before ending down RMB 35/mt at RMB 13,880/mt. Traded volumes rose 562 lots to 1,476 lots, and positions added 26 lots to 6,006 lots. SHFE lead prices should be rather resistant to declines for the near term.
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