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SMM Brief on SHFE Lead Futures (2013-1-18)
Jan 18, 2013 22:05Source: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.
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.
SHFE 1303 lead contract price
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