The SHFE 1303 lead contract price gapped nearly RMB 100/mt higher at RMB 15,195/mt on January 18 influenced by positive economic data in the US overnight.

SHFE #1 Lead Price Movement (2013-1-18)

<p>SHANGHAI, Jan. 18 (SMM) &ndash; The SHFE 1303 lead contract price gapped nearly RMB 100/mt higher at RMB 15,195/mt on January 18 influenced by positive economic data in the US overnight. Later, as China&rsquo;s 4Q GDP growth and industrial production data were reported above expectations and previous figures, SHFE lead prices moved between RMB 15,160-15,190/mt before closing at RMB 15,190/mt, up RMB 90/mt. Trading volumes were down 46 lots to 70 lots, and positions increased 30 lots to 2,204 lots.</p>
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