SMM Brief on SHFE Lead Futures (2013-4-15)

SHANGHAI, Apr. 15 (SMM) – SHFE 1306 lead contract price opened nearly RMB 200/mt lower at RMB 14,230/mt on Monday due to the 2% slump in LME lead last Friday. Later, as China’s 1Q GDP growth was reported at 7.7%, lower than expectation, SHFE lead fell further to close at RMB 14,020/mt, down RMB 390/mt or 2.71% from the previous trading day. Traded volumes were up 80 lots to 156 lots, while positions were down 6 lots to 2,156 lots.