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SHANGHAI, Nov. 13 (SMM) – The most active SHFE 1312 lead contract prices gapped lower at RMB 14,180/mt in morning trading session on Tuesday, dampened by a drop in LME lead prices overnight. SHFE lead later extended losses, dipping to RMB 14,110/mt in the afternoon. The prices finally ended at RMB 14,105/mt, down RMB 105/mt. Trading volumes grew by 180 lots to 616 lots, while positions fell 194 lots to 8,934 lots. SHFE lead is expected to drop further, and market will pay considerable attention to the policies introduced following China’s party plenary.
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