SHANGHAI, May 26(SMM) – SHFE 1507 lead finished up RMB 140/mt Monday night.
LME lead rose on Tuesday thanks to China’s stimulus measures. As such, SHFE 1507 lead climbed RMB 190/mt to RMB 13,425/mt Tuesday as shorts exited market. In the afternoon business, the contract dropped against falling LME lead to roll back early gains and finally ended up RMB 15/mt at RMB 13,250/mt. Trading volumes totaled 3,876 lots while positions were down 624 to 13,008.