SHANGHAI, Sept. 24 (SMM) – For night evening Wednesday, SHFE 1511 lead started at RMB 13,195/mt and once drifted higher to RMB 13,250/mt before closing up RMB 75/mt at RMB 13,185/mt.
SHFE lead advanced to RMB 13,300/mt as SHFE zinc rallied markedly and finally ended at RMB 13,285/mt, rising RMB 175/mt. Trading volumes were around 5,962 lots and positions grew 248 to 13,130.
Almost all secondary lead producers shut down in Shandong due to environmental protection inspections last week. Raw material supply halt in Shandong led to operation halt at nearby secondary refined lead smelters. This tightened secondary lead supply, lending support to lead prices.