SMM, 21 Oct:

Within days, Shanghai lead 1911 contract opened at 17020 yuan / ton, Shanghai lead at the beginning of the day tried to shock upward, but due to the regeneration of the original price spread to 500-600 yuan / ton, the market short mood increased, Shanghai lead opened shock downward trend, the low once fell to 16895 yuan / ton, finally reported in 16910 yuan / ton, down 180 yuan / ton, down 1.05%, position reduced by 3646 hands to 49714 hands. Shanghai lead due to weak fundamentals, the so-called soft position market to this end, 11 and 12 contract spread narrowed to 110 yuan / ton, I still hold a short view on domestic lead prices.

(Guo Rong, Shanghai Colored Network Tel: 021-51666879)