SMM Brief on SHFE Lead Prices (2014-6-27)

SHANGHAI, Jun. 27 (SMM) – Prices for the most active SHFE 1408 lead contract dipped to a low RMB 14,085/mt after starting Thursday’s night session at RMB 14,150/mt, and ended up RMB 15/mt at RMB 14,140/mt. During the night session, trading volumes for the most active contract totaled 270 lots, and positions gained 134 lots to 7,238 lots.

On Friday, SHFE lead prices hovered largely between RMB 14,110-14,145/mt, and closed up RMB 10/mt, or 0.07%, at RMB 14,135/mt. Trading volumes for the most active contract rose 1,200 lots to 1,814 lots, and positions added 64 lots to 7,168 lot.