SHANGHAI, Jul. 8 (SMM) – The most active SHFE 1309 lead contract price opened RMB 40/mt lower at RMB 13,845/mt on Monday. Prices then moved narrowly between RMB 13,835-13,850/mt. In the afternoon, as LME lead rose USD 10/mt, the SHFE contract for September delivery increased to RMB 13,885/mt and finally closed at RMB 13,850/mt, down RMB 30/mt from the previous trading hours. Trading volumes for the most active contract increased 80 lots to 236 lots, and positions rose 202 lots to 2,324 lots. Market was pessimistic to June’s PPI and CPI data to be released on Tuesday, which may further weigh down lead prices.