SMM Brief on SHFE Lead Prices (2014-4-4)

SHANGHAI, Apr. 4 (SMM) – The most active SHFE 1405 lead contract price hovered around RMB 13,670/mt after starting at RMB 13,615/mt, and later trended higher to close down RMB 30/mt at RMB 13,675/mt during Thursday’s night session. Traded volumes were merely 14 lots, and positions were flat at 6,872 lots. On Friday, SHFE lead prices followed LME lead prices up to a high of RMB 13,725/mt due to shorts taking profits, but later fluctuated around RMB 13,715/mt with the lack of upward impetus. The metal finished up RMB 15/mt, or 0.11%, at RMB 13,720/mt on Friday. Traded volumes lost 110 lots to 366 lots, while positions decreased by 236 lots to 6,636 lots.