China’s lead industry has started to brace itself for the launch of futures trading on the SHFE alongside aluminium, copper and zinc. We understand that warehouses are being finalised now and that this is the last step before the contract can be launched. It should happen before the end of the year, and possibly as early as November. Heavy speculative interest has greeted the launch of other contracts on the SHFE previously, and we understand that Chinese lead traders and producers have started stockpiling material in anticipation of a speculative surge in prices on lead’s SHFE debut too, which could be setting the scene for a volatile period of activity for lead prices.
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