SHANGHAI, Jun. 19 (SMM) – The most active SHFE 1408 lead contract continued to hover around the RMB 14,000/mt mark during Wednesday’s night session, with 50 lots traded. During the night session, trading volumes totaled only 62 lots.
On Thursday, SHFE lead prices crept up to a high of RMB 14,065/mt after starting at RMB 14,010/mt, but later tracked LME lead prices down to a trough of RMB 13,950/mt. The metal rebounded to around RMB 13,990/mt at the tail of the trading, boosted by shorts liquidating positions, and finished down RMB 60/mt at RMB 13,965/mt. Trading volumes reached 478 lots, and positions expanded 244 lots to 5,888 lots.