SMM Brief on SHFE Lead Prices (2014-4-24)

SHANGHAI, Apr. 24 (SMM) – The most active SHFE 1405 lead contract price started Wednesday’s night session at RMB 13,950/mt, and then tracked LME lead prices down RMB 35/mt, or 0.13%, at a low of RMB 13,900/mt. Traded volumes stood at only 38 lots, and positions held flat at 6,556 lots. On Thursday, SHFE lead prices recouped early losses, boosted by a rebound in LME lead prices, and trended up subsequently to close up RMB 10/mt, or 0.07%, at the intraday high of RMB 13,945/mt. Traded volumes gained 432 lots to 776 lots, and positions added 12 lots to 6,568 lots.