SHANGHAI, Jul. 8 (SMM) – Lead for August delivery, the most active contract, rebounded during Monday’s night session, boosted by LME lead prices, and closed up RMB 65/mt at RMB 14,075/mt. Trading volumes nonetheless gained only 66 lots to 196 lots.
On Tuesday, SHFE lead prices fluctuated largely between RMB 14,010-14,035/mt during the morning trading session, despite a surge in zinc prices. The metal tracked LME lead prices up to a high of RMB 14,145/mt during the afternoon trading session, and finished up RMB 105/mt at RMB 14,115/mt. Trading volumes for the SHFE 1408 lead contract were 666 lots, and positions were off 34 lots to 6,384 lots.