SHANGHAI, Aug. 6 (SMM) – For night trading Tuesday, SHFE 1510 lead ended RMB 185 higher at RMB 12,945/mt.
SHFE lead remained range-bound between RMB 12,900-12,940/mt during Wednesday trading session and finally closed at RMB 12,920/mt, jumping RMB 160/mt. Trading volumes were 4,262 lots. Positions grew 456 to 17,806.
Traded prices were RMB 13,220-13,230/mt for Nanfang brand in Shanghai, RMB 310/mt higher than SHFE 1510 lead. Hanjiang and Humon brands quoted RMB 13,200-13,220/mt and RMB 13,170/mt for Jinyuteng brand.
Lead smelters were active to sell after Wednesday’s lead price hikes. Nanfang, Hanjiang and Humon brand goods all flowed into market. However, wait-and-see posture overshadowed downstream market. Only a small number of buyers purchased as usual. As a whole, trades were weaker than Tuesday.