SHANGHAI, Oct. 29 (SMM) – Lead for December delivery on the Shanghai Futures Exchange, the most active contract, opened Tuesday’s night session at RMB 13,645/mt, and then climbed to RMB 13,710/mt before closing up RMB 50/mt at RMB 13,695/mt.

On Wednesday, SHFE lead initially retreated to RMB 13,650/mt as longs headed for the exit, and then leveled out to hover at RMB 13,650-13,660/mt before ending up RMB 35/mt at RMB 13,680/mt. Trading volumes for the SHFE 1412 lead contract totaled 1,916 lots, and positions shed 412 lots to 8,908 lots.