SMM Brief Review - 2012/6/4 SHFE Lead Futures

SHANGHAI, Jun. 4 (SMM) – On Monday, SHFE lead prices opened RMB 80/mt lower at RMB 15,000/mt due to disappointing economic data released last Friday. Since LME was closed for holiday, SHFE lead prices were largely influenced by domestic stocks. In the afternoon, SHFE lead prices fluctuated down to hit a low of RMB 14,880/mt and finally closed at RMB 14,885/mt, down RMB 195/mt, or 1.29%. Trading volumes increased by 62 lots to 196 lots, while positions were up 10 lots to 2,130 lots.