SMM Brief on SHFE Lead Prices (2014-6-6)

SHANGHAI, Jun. 6 (SMM) – The most active SHFE 1408 lead contract started Thursday’s night session at RMB 14,015/mt, with the upper end at RMB 14,050/mt and the lower end at RMB 13,995/mt, and ended up RMB 10/mt at RMB 14,020/mt. Traded volumes for the most active contract were 8 lots, while positions were off 4 lots to 5,016 lots. Total traded volumes were only 28 lots.

On Friday, SHFE lead prices opened at RMB 14,020/mt, and hovered mostly between RMB 14,000-14,035/mt before closing up RMB 20/mt, or 0.14%, at RMB 14,030/mt. Traded volumes gained 138 lots to 322 lots, while positions shed 26 lots to 4,994 lots.