Tightening supply drives lead prices to 8-month high

The most active lead contract on the Shanghai Futures Exchange (SHFE) jumped to an 8-month high of Yuan 20,675/tonne ($3,230/tonne) at the close of trading on Wednesday's morning session. Behind the spike were supply concerns as smelters come under the scrutiny of the environmental protection inspections currently underway across the country, market sources explained on June 6.

The most active lead contract on the Shanghai Futures Exchange (SHFE) jumped to an 8-month high of Yuan 20,675/tonne ($3,230/tonne) at the close of trading on Wednesday’s morning session. Behind the spike were supply concerns as smelters come under the scrutiny of the environmental protection inspections currently underway across