SMM Brief on SHFE Lead Prices (2014-6-30)

SHANGHAI, Jun. 30 (SMM) – Prices for the most active SHFE 1408 lead contract started last Friday’s night session at a high of RMB 14,180/mt, but later tracked LME lead prices down to the RMB 14,080-14,105/mt range. SHFE lead prices closed down RMB 20/mt at RMB 14,105/mt. During the night session, trading volumes for the most active contract totaled 562 lots, and positions lost 16 lots to 7,152 lots.

On Monday, SHFE lead prices initially rose to as high as RMB 14,130/mt, but pulled back to RMB 14,075/mt subsequently before ending down RMB 35/mt at RMB 14,090/mt. Trading volumes for the most active contract amounted to 1,542 lots, and positions shed 324 lots to 6,844 lots on Monday.