LME and SHFE lead prices both weakened as shorts increased positions

SHANGHAI, Oct 26 (SMM) - LME lead open at $2104/mt and went downward during the Asian trading hours yesterday, declining to $2080/mt during the European trading hours. It finally dropped and closed at $2080/mt, down $20.5/mt or 0.98%.

The most active SHFE the delivery of the SHFE front-month contract 2312 lead contract prices opened at 16220 yuan/mt and touched 16275 yuan/mt before closing at 16240 yuan/mt, down 200 yuan/mt or 1.22%.