SHANGHAI, Oct. 17 (SMM) – The most active SHFE lead contract price rose to RMB 14,285/mt after opening at RMB 14,220/mt on Wednesday, but was dragged down to RMB 14,250/mt in morning trading session by falls in LME lead and the Shanghai Composite Index. The SHFE lead for December delivery dropped further to RMB 14,190/mt in the afternoon before closing at RMB 14,220/mt, up RMB 5/mt from Tuesday. Traded volumes added 616 lots to 1,202 lots, and positions were up 260 lots to 9,280 lots. Selling pressure increased.
SMM Lead Market Daily Review (2013-10-16)