SMM Brief on SHFE Lead Futures (2013-1-18)-Shanghai Metals Market

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SMM Brief on SHFE Lead Futures (2013-1-18)

SMM Insight 10:05:57PM Jan 18, 2013 Source:SMM

SHANGHAI, Jan. 18 (SMM) – 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’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.

 

Price

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1# Zinc
Oct.17
18820.0
-110.0
(-0.58%)
0# Zinc
Oct.17
18890.0
-110.0
(-0.58%)
T/C for domestic zinc concentrate
Oct.01
6325.0
0.0
(0.00%)
T/C for imported zinc concentrate
Oct.01
280.0
0.0
(0.00%)
Zinc Alloy (Zamak3/ZX01)
Oct.17
19790.0
-110.0
(-0.55%)

SMM Brief on SHFE Lead Futures (2013-1-18)

SMM Insight 10:05:57PM Jan 18, 2013 Source:SMM

SHANGHAI, Jan. 18 (SMM) – 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’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.