SMM Brief on SHFE Lead Futures (2013-7-26)

SHANGHAI, Jul. 26 (SMM) – SHFE 1309 lead contract price opened at RMB 13,855/mt on Friday and hovered at the level in the morning trading session due to a lack of important reports. In the afternoon, as LME lead prices fell nearly USD 10/mt and some investors liquidated positions, SHFE lead prices dropped to RMB 13,840/mt and closed at RMB 13,845/mt, down RMB 20/mt from Thursday. Traded volumes fell 44 lots to 78 lots, while positions fell 16 lots to 2,532 lots. SHFE lead will be largely influenced by a series of risky events and show larger swings next week.