SHANGHAI, Jun. 30 (SMM) – SHFE 1508 lead moved in a range of RMB 12,710-12,800/mt during Monday evening session.
The contract advanced to RMB 12,920/mt during morning session Tuesday as good news appeared that China’s pension funds in individual accounts of basic old-age pension can be used in securities investment and that stamp tax is lowered. But the price fell to RMB 12,800-12,830/mt due to dropping stocks and finished at RMB 12,795/mt, losing RMB 205/mt. Trading volumes totaled 4,462 lots and positions rose 744 to 13,850.