SMM Brief on SHFE Lead Prices (2014-7-25)

SHANGHAI, Jul. 25 (SMM) – Lead for October delivery, the most active contract, advanced to as high as RMB 14,370/mt after opening at RMB 14,265/mt, and ended up RMB 125/mt at RMB 14,360/mt on the Shanghai Futures Exchange. Trading volumes for the SHFE 1410 lead contract were 494 lots, and positions rose 220 lots to 5,802 lots. During the night session, total trading volumes were 754 lots, and total positions were up 270 lots to 18,474 lots.

On Friday, the most active SHFE 1410 lead contract closed significantly higher at RMB 14,800/mt, up RMB 565/mt. Total traded volumes surged to record 22,730 lots on the Shanghai Futures Exchange, with all SHFE lead contracts rising by the daily trading limit.