SHANGHAI, Jun. 25 (SMM) – Prices for the most active SHFE 1408 lead contract dipped to as low as RMB 14,120/mt after starting Tuesday’s night session at RMB 14,165/mt, but later rebounded slightly to close down RMB 25/mt at RMB 14,145/mt. During the night session, trading volumes fell sharply to 118 lots, and positions added 14 lots to 7,184 lots.
On Wednesday, SHFE lead prices initially advanced to a high of RMB 14,165/mt, but tracked LME lead prices down subsequently to end down RMB 55/mt at RMB 14,115/mt. Trading volumes for the most active contract totaled 1,120 lots, and positions decreased 98 lots to 7,072 lots.