SHANGHAI, May 20 (SMM) – The July-delivery lead contract price in SHFE climbed to RMB 13,280/mt on Wednesday morning as short positions closed. But in the midday business, the contract tumbled on growing US dollar, to touch day’s low of RMB 13,170/mt. The metal finally ended down RMB 205/mt at RMB 13,180/mt.

SHFE 1507 lead should inch lower for near term.