SMM Brief Review - 2012/6/8 SHFE Lead Futures

SHANGHAI, Jun. 8 (SMM) – SHFE lead prices opened at RMB 15,055/mt Friday and fluctuated around the opening price. China’s interest rate cut failed to boost market confidence, and domestic stocks fell below 2,300 points, dragging SHFE lead prices below the RMB 15,000/mt. In the afternoon, SHFE lead prices remained weak and finally closed at 14,995/mt, down RMB 75/mt. Trading volumes were up 60 lots to 136 lots, and positions were up 26 lots to 2,168 lots.