SHANGHAI, Oct. 8 (SMM) – SHFE 1511 lead contract prices opened at RMB 13,200/mt during Tuesday evening session, with the high-end of the price range RMB 13,270/mt, and closed at RMB 13,245/mt, up RMB 185/mt.

SHFE 1511 lead contract prices edged up after opening on Wednesday, and touched as high as RMB 13,835/mt, and closed at RMB 13,585/mt, up RMB 525/mt or 4.02%. Trading volumes were up 4,102 to 10,904 lots. Total positions decreased 278 to 12,498.

In Shanghai, Honglu brand was offered RMB 80-90/mt higher than SHFE 1510 lead at RMB 13,480-13,500/mt on Wednesday, versus RMB 13,390/mt for Dongling brand. Lead smelters held back sales and most traders took holidays, leaving trades muted.