SMM Brief on SHFE Lead Futures (2013-6-5)

SHANGHAI, Jun. 5 (SMM) – The most active SHFE 1307 lead contract price opened RMB 75/mt higher at RMB 14,165/mt on June 5 due to rising LME lead prices, and hovered below RMB 14,160/mt with few economic data reported. In the afternoon trading session, as the Shanghai Composite Index stopped falling and regained some losses and LME lead prices continued to rally, SHFE 1307 lead contract price rose to move around RMB 14,170/mt and ended at RMB 14,195/mt, up RMB 95/mt. Market was overtaken by wait-and-see sentiment. Trading volumes fell 362 lots to 256 lots, and positions fell 10 lots to 1,812 lots.