SMM Brief Review - 2012/6/27 SHFE Lead Futures

SHANGHAI, Jun. 27 (SMM) – On Wednesday, SHFE lead prices opened lower at RMB 14,475/mt investors’ doubt over the EU summit to be held this Thursday and Friday. Later, SHFE lead prices moved between RMB 14,420-14,470/mt to finally close at RMB 14,450/mt, down RMB 40/mt. Transactions were limited due to depressed market confidence. Trading volumes decreased 38 lots to 174 lots, while positions were down 12 lots to 1,994 lots.