SHANGHAI, Apr. 23 (SMM) - SHFE 1506 lead, the most active contract, rolled back Wednesday’s daytime gains at night and closed at RMB 13,610/mt, down RMB 20/mt , after hitting a high of RMB 13,730/mt.

HSBC’s China manufacturing PMI for April released Thursday was 49.2, lower than the expectation 49.4, pushing the June delivery lead down to RMB 13,450/mt. Later, SHFE 1506 lead rebounded as some longs entered the market and as tight supply remained tight in China’s spot lead market, to RMB 13,500/mt and closed the day at RMB 13,490/mt, down RMB 140/mt. Positions of June, July and August delivery lead contracts all increased. But the SHFE lead for July and August delivery suffered selling pressures.