SMM Brief on SHFE Lead Futures (2013-11-18)

SHANGHAI, Nov. 18 (SMM) – The most active SHFE 1401 lead contract prices started at an intraday high of RMB 14,115/mt, but fell to around RMB 14,050/mt from RMB 14,100/mt on Monday. Details on the economic and social reform after the Third Plenary Session of the 18th CPC Central Committee were released on last Friday, giving a strong boost to the Shanghai Composite Index. SHFE lead prices, however, were barely affected and underperformed with sluggish transactions. The prices finally ended at RMB 14,045/mt, down RMB 50/mt or 0.35% on Monday. Trading volumes shrank 696 lots to 382 lots, while positions rose 62 lots to 9,722 lots.