SMM Brief on SHFE Lead Futures (2013-10-21)

SHANGHAI, Oct. 21 (SMM) – The most-traded SHFE lead contract prices started at RMB 14,405/mt Monday and briefly touched a low of RMB 14,360/mt. However, the prices were later boosted by the news that “T+0” settlement which allows investors to buy and sell a stock on the same day is now open to some products on the Shanghai Stock Exchange, to move up to RMB 14,410-14,430/mt in the morning session. The SHFE lead for December delivery further climbed to RMB 14,450-14,470/mt and finally closed RMB 60/mt higher at RMB 14,455/mt. Traded volumes were up 10 lots to 1,402 lots, while positions dropped 32 lots to 10,010 lots.