SHFE Lead Follows LME Lead down RMB 105/mt at RMB 13,805/mt

SHANGHAI, Oct. 10 (SMM) – Lead for November delivery on the Shanghai Futures Exchange, the most active contract, rose to RMB 13,980/mt during Thursday’s night session, but later fell to end down RMB 20/mt at RMB 13,890/mt.

On Friday, SHFE lead initially dropped to RMB 13,815/mt, but later rebounded to RMB 13,880/mt before ending down RMB 105/mt at an intraday low of RMB 13,805/mt. Trading volumes for the SHFE 1411 lead contract totaled 2,472 lots, and positions shed 424 lots to 14,466 lots.