SHANGHAI, Jun. 5 (SMM) – Lead for August delivery became the most active contract on the Shanghai Futures Exchange on Wednesday, with no traded volumes reported for the contract during the night session. The SHFE 1407 and 1409 lead contracts both fell RMB 10-20/mt, with around 10 lots of traded volumes for these two contracts.
On Thursday, SHFE lead prices dipped as low as RMB 14,005/mt after starting at RMB 14,020/mt, and closed down RMB 5/mt at RMB 14,020/mt. Traded volumes for the SHFE 1408 lead contract totaled only 184 lots, while those for the SHFE 1406 lead contract reached more than 1,000 lots on Thursday.