SHANGHAIM, Jul. 4 (SMM) – On Tuesday, SHFE 1708 lead opened at RMB 18,050/mt and then plunged to RMB 17,950/mt. Later, the contract fluctuated at around RMB 17,980/mt and dipped to RMB 17,655/mt at the tail of trading. SHFE 1708 lead closed at RMB 17,765/mt, down RMB 165/mt or 0.92%. Trading volumes rose 1,140 to 55,684 lots and positions reduced 176 to 43,638.
SHFE 1708 lead will fluctuate at current level in a short term.
![LME lead narrows losses & SHFE lead holds lower bound in night session, lead prices consolidate on a weak note [SMM Lead Morning Update]](https://imgqn.smm.cn/usercenter/ojSqv20251217171720.jpeg)
![Downstream stockpiling on dips begins; lead prices consolidate at low levels on a weak note [SMM Lead Morning Meeting Summary]](https://imgqn.smm.cn/usercenter/XMxKT20251217171720.jpeg)

