SHANGHAIM, Jul. 14 (SMM) – On Friday, SHFE 1708 lead opened at RMB 17,590/mt and then dipped to RMB 17,470/mt. Later, the contract rallied slightly with shorts taking profits, up to as high as RMB 17,610/mt. SHFE 1708 lead ended at RMB 17,600/mt, down RMB 285/mt or 1.59%. Trading volumes rose 13,910 to 46,050 lots and positions reduced 1,546 to 37,408.
SHFE 1708 lead will drop slightly in a short term.
![Overseas Geopolitical Risks Escalate LME Lead Overall Center of Operation Shifts Downward [SMM Lead Morning Brief]](https://imgqn.smm.cn/usercenter/guTSZ20251217171722.jpg)
![Lead Ingot Destocking Boosts Lead Prices While Geopolitical Risks Persist [SMM Lead Morning Meeting Summary]](https://imgqn.smm.cn/usercenter/xVUpr20251217171722.jpg)
![[Analysis: With the End of Chinese New Year, How Will Primary Lead Enterprises' Production Fare in March?]](https://imgqn.smm.cn/usercenter/hrxHx20251217171721.jpeg)
