SMM Brief on SHFE Lead Futures (2013-4-18)

SHANGHAI, Apr. 18 (SMM) – SHFE 1306 lead contract price gapped RMB 500/mt lower at RMB 13,425/mt on Thursday influenced by the nearly 3% slump in LME lead overnight, hitting a record low. Later, as the Shanghai Composite Index fluctuated up and gold started rising, market confidence improved slightly, driving SHFE lead to close at RMB 13,610/mt, down RMB 345/mt, or 2.47%. Traded volumes were down 66 lots to 196 lots, and positions were up 36 lots to 2,164 lots.