SHANGHAI, Jun. 3 (SMM) – The opening price of SHFE 1307 lead contract stood above RMB 14,000/mt on May 31 at RMB 14,040/mt due to the continued rallies in LME lead prices overnight, but lacked momentum to rise further as investors booked profits ahead of the weekend to move narrowly between RMB 13,990-14,030/mt. Prices finally ended the day at RMB 14,005/mt, up RMB 85/mt from a day earlier. Trading volumes fell 26 lots to 208 lots, while positions increased 12 lots to 2,092 lots. The jumping prices opened window for further increase next week.