Most-traded SHFE Lead Contract Hovers around 15,260 yuan/mt amid Poor Trades before the Labour Day Holiday

SHANGHAI, Apr 28 (SMM) - SHFE 2306 lead opened at 15,255 yuan/mt and hovered around 15,260 yuan/mt. At last, it closed at 15,255 yuan/mt, down 0.2%. The open interest fell 2,368 lots to 61,231 lots from the previous trading day, and the trading volume dipped 9,812 lots to 36,531 lots. SHFE lead prices moved with drops. Spot transactions were sluggish. Fewer holders offered quotes, and the downstream companies were ready to take the Labour Day holiday. Traders were reluctant to pick up goods. The most-traded SHFE lead contract will move rangebound in the short term on a stable macro front.