SHANGHAI, Apr. 24 (SMM) –SHFE 1506 lead, the most active contract, opened at RMB 13,490/mt Thursday’s night and dropped to RMB 13,355/mt on short selling. But later the most active contract climbed due to tight spot lead supply and rising long positions, to close at RMB 13,500/mt.
The June delivery lead fell to RMB 13,460/mt on short selling at 10:00 am Friday’s morning session. But then the most active contract increased to hover at RMB 13,500/mt on reduced positions, and closed the day at RMB 13,495/mt, down RMB 100/mt.