SMM Brief on SHFE Lead Prices (2014-6-26)

SHANGHAI, Jun. 26 (SMM) – Prices for the most active SHFE 1408 lead contract fluctuated largely between RMB 14,045-14,115/mt during Wednesday’s night session, and ended down RMB 40/mt at RMB 14,080/mt. During the night session, SHFE lead prices found support at RMB 14,020-14,040/mt, with trading volumes totaling 94 lots and positions down 14 lots to 7,058 lots.

On Thursday, SHFE lead prices swung largely between RMB 14,080-14,100/mt during the morning trading session, but later advanced to a high of RMB 14,165/mt before ending up RMB 10/mt at RMB 14,130/mt. Trading volumes for the most active contract totaled only 614 lots, and positions added 32 lots to 7,104 lots.