SMM Brief on SHFE Lead Prices (2014-6-23)

SHANGHAI, Jun. 23 (SMM) – The most active SHFE 1408 lead contract swung between RMB 14,085-14,130/mt after starting last Friday’s night session at RMB 14,100/mt, and ended up RMB 40/mt at RMB 14,110/mt. During the night session, trading volumes for the contract totaled 122 lots, and positions added 10 lots to 6,316 lots.

On Monday, SHFE lead prices initially sank to RMB 14,075/mt, but advanced to an intraday high of RMB 14,075/mt during the afternoon trading session before finishing up RMB 60/mt at RMB 14,130/mt. Trading volumes amounted to 1,498 lots, and positions gained 572 lots to 6,878 lots. The most active SHFE 1408 lead contract has found base support at RMB 14,100/mt.