SHANGHAI, Apr. 16 (SMM) – SHFE 1306 lead contract price gapped lower at RMB 13,805/mt on Tuesday, a new low since October 2011, and rallied soon after opening but with increase limited. Prices hovered between RMB 13,990-14,080/mt to close at RMB 14,035/mt, up RMB 15/mt from a day earlier. Trading was enlivened, with traded volumes up 236 lots to 392 lots. Positions fell 24 lots to 2,132 lots.