SMM Brief on SHFE Lead Futures (2013-7-18)

SHANGHAI, Jul. 18 (SMM) – SHFE 1309 lead contract price started RMB 30/mt lower at RMB 13,855/mt Thursday and stayed in narrow range in the morning trading hours. In the afternoon, as Chinese stocks weakened, and some investors liquidated positions, leaving prices down RMB 20/mt to RMB 13,835/mt. The most active SHFE lead contract price finally ended at RMB 13,845/mt, down RMB 35/mt from a day earlier. Trading volumes fell 184 lots to 226 lots, while positions were down 38 lots to 2,488 lots.