SHANGHAI, Oct. 24 (SMM) – The most active SHFE lead contract prices opened higher at RMB 14,550/mt on Wednesday. Later in morning trading hours, however, SHFE lead prices dipped to RMB 14,430/mt with longs taking profits. Transactions were light in afternoon trading session, since cautious shorts refused to enter the market after a drop of more than RMB 100/mt in a single day, leaving SHFE lead prices basically flat between RMB 14,420-14,430/mt. SHFE lead for December delivery finally ended at RMB 14,430/mt, down RMB 60/mt. Trading volumes dropped 682 lots to 1,242 lots, while positions added 30 lots to 10,582 lots.
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