SHANGHAI, Aug. 11 (SMM) – Lead for October delivery, the most active contract, opened last Friday’s night session at RMB 14,735/mt, and then fluctuated between RMB 14,730-14,750/mt. The SHFE 1410 lead contract, however, fell to RMB 14,690-14,710/mt subsequently due to decreasing buying and ended down RMB 75/mt at RMB 14,710/mt. Trading volumes totaled 21,192 los, and positions added 48 lots to 35,092 lots.
On Monday, SHFE lead prices fluctuated largely around RMB 14,730/mt during the morning trading session, reaching as high as RMB 14,765/mt, and ended down RMB 90/mt at RMB 14,695/mt. Trading volumes for the SHFE 1410 lead contract were 32,944 lots, and positions were off 848 lots to 34,196 lots.