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the 13:00 rally and picked up again for the close. Bauxite i=ventories have fallen in China as supplies have been hit by stricter financing rules. Shanghai Aluminium on wa=rant stocks are down 3.71% to 48.6 kMT. LME Aluminium on warrant stocks ar= flat at 1852.2 kMT. Shanghai Copper on warrant stocks are flat at
are up 0.6% =n the front 0.2% in the back, Ali Vols unch, Nickel Vols are up 0.87% in J=n, up 0.32% in Feb, Lead Vols are up 0.15% in the front and Zinc Vols up 0=12% =/P> Upcoming Data 7/1-EC CPI Estimate Y=Y- Sury -0.1%, Actual -0.2%, Prior 0.3% 7/1- US MBA Mortgage =pplications-Actual 11.1%, Prior 1
1.17 mMT. Lead has rallied =n the news that smelters in Henan are cutting output by up to 30%, causing the global lead surplus to fall to 7451 kMT Shanghai Aluminium on warrant stocks are down 6.55%=0 69.8 kMT. LME Aluminium on warrant stocks are down 2.47%% to 1957.7 kMT.=Shanghai Copper on warrant stocks are do
E Nickel stocks are up 0.03% to 304.6 kMT. Copper Vols are up —0.84%, Ali Vols down - 0.19% in =he front, Nickel Vols are up around 0.35%, Lead and Zinc Vols unch Upcoming Data 22/12-US Existing Home Sales- Survey 5.2m, Prior 5.2=m 23/12-US Durable Goods Orders-Survey 2.9%, Prior 0.4=, Revised 0.3% 23/
t risk and could significantly offset this figure. Nickel, Zinc and Lead prices recovered strongly in the =fternoon but came off towards the close. Shanghai Aluminium on warrant stocks are up 21.62% to 56 kMT.=LME Aluminium on warrant stocks are flat at 1839.8 kMT. Shanghai Copper on=warrant stocks are up 23.08% t
kMT. LME Nickel stocks are down 2.55% to 317.8=kMT. Copper Vols are up 5.28%, Ali Vols are down 0.46%, Nickel Vol= up 6.28%, Lead Vols are up 2.53% Zinc Vols are up 1.78% Upcoming Data 14/1- EC Industrial Production SA MoM-Sury 0%, Actual 0.2%, Prio= 0.1%, Revised 0.3% 14/1- US MBA Mortgage Application
of the base complex in the afternoon. Aluminium, Zinc and Lead prices followed the base complex, starting off higher before losing ground at 16:00. Shanghai Aluminium on warrant stocks are up 16.27% to 78.7 kMT. LME Aluminium on warrant stocks are flat at 2016kMT. Shanghai Copper on warrant stocks are up 18.57% to
are up 0.27% to 307.5 kMT. ATM Copper Vols are down —0.83% in JAN, up —0.34% in the back, Ali Vols down -0.3% , Nickel vols are down 0.2, Lead and Zinc Vols unch Upcoming Data 15/12- US Empire Manufacturing- Survey 12, Actual -3.58, Prior 10.16 15/12- US Industrial Production MoM- Survey 0.7%, Actual 1
Entities connected to both Shanghai Aluminium and Zinc Vols

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