SHANGHAI, Jun. 20 (SMM) – The most active SHFE 1408 lead contract fell back after starting Thursday's night session higher, and closed up RMB 15/mt at RMB 14,015/mt, with only 8 lots traded.
On Friday, SHFE lead prices hovered initially between RMB 14,050-14,070/mt, rising to as high as RMB 14,140/mt, and finished up RMB 110/mt at RMB 14,110/mt. Trading volumes reached a high of 2,388 lots, and positions gained 418 lots to 6,306 lots. SHFE lead prices are expected to test resistance at RMB 14,100/mt next week.