SHFE 1306 lead contract price opened higher at RMB 13,945/mt as expected on Friday and soon rallied to RMB 13,990/mt.

#1 Lead Price Movement in Shanghai Market (2013-4-26)

<div>SHANGHAI, Apr. 26 (SMM) &ndash; SHFE 1306 lead contract price opened higher at RMB 13,945/mt as expected on Friday and soon rallied to RMB 13,990/mt, but resistance at RMB 14,000/mt was evident. Later, as the Shanghai Composite Index fluctuated down and as spot lead demand was weak, SHFE lead fell to move around RMB 13,850/mt and closed the day at RMB 13,875/mt. Traded volumes increased 94 lots to 188 lots, while positions increased 38 lots to 2,146 lots.&nbsp;</div>
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