SHANGHAI, Jun. 17 (SMM) – The most active SHFE 1408 lead contract finished down RMB 5/mt at RMB 13,915/mt during Monday’s night session, with only 6 lots traded for the contract.
On Tuesday, the most active contract fluctuated between RMB 13,955-13,985/mt after starting at RMB 13,985/mt, and ended at an intraday low of RMB 13,955/mt, down RMB 5/mt. Trading volumes for the most active contract totaled 588 lots, and positions gained 588 lots to 5,710 lots. SHFE lead prices are expected to swing largely in the RMB 13,950-14,000/mt range in the near term.