SHANGHAI, Aug. 3 (SMM) – On Thursday, SHFE 1709 lead opened at RMB 18,555/mt and then advanced to RMB 18,780/mt. Later, the contract dropped with longs taking profits and closed at RMB 18,425/mt, down RMB 15/mt or 0.08%. Trading volumes increased 11,352 to 63,154 lots and positions reduced 132 to 46,952.
SHFE 1709 lead will fluctuate at current level in a short term.
![[SHFE lead morning news] SHFE and LME rise in tandem, SHFE lead night session approaches previous high of 16,380 yuan/mt](https://imgqn.smm.cn/usercenter/EhsCj20251217171721.jpeg)
![Macro pressure eases, lead prices rise for consecutive days; spot cargo high premium & downstream turns cautious [SMM Lead Morning Meeting Summary]](https://imgqn.smm.cn/usercenter/bAjSC20251217171721.jpg)
