SHAGNHAI, Oct. 12 (SMM) -- On Tuesday, SHFE 1111 lead contract prices opened higher at RMB 14,950/mt, fluctuating between RMB 14,900-14,980/mt. As of 10:30 am, SHFE 1111 lead contract prices fell along with domestic stock markets, down RMB 200/mt to close at RMB 14,770/mt. Trading volumes decreased by 198 lots to 606 lots, while total positions decreased by 84 lots to 2,416 lots.
In domestic spot markets, well-known brands such as Nanfang and Chihong Zn & Ge were quoted around RMB 14,900/mt, close to SHFE three-month lead contract prices. Prices of well-known brands were cut to RMB 14,840-14,860/mt as of 10:30 am as SHFE lead prices fell. In the afternoon, spot lead was traded between RMB 14,770-14,830/mt. Market players were cautious due to pessimism, leaving transactions quiet.