SMM Brief on SHFE Lead Futures (2013-4-2)
SHANGHAI, Apr. 2 (SMM) – SHFE 1305 lead contract price gapped higher at RMB 14,390/mt on Tuesday and moved around RMB 14,330-14,360/mt as Chinese stocks and LME lead fluctuated down. At midday, the contract fell to RMB 14,315/mt but gained buying support later to return to RMB 14,360/mt, with prices finally closing at RMB 14,365/mt, up RMB 75/mt from Monday. Trading volumes were up 184 lots to 314 lots, and positions increased 96 lots to 2,030 lots.
SHFE lead price
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