SHFE Lead to Keep Firm (2016-11-30)

SHANGHAI, Nov. 30 (SMM) – Attention should be on fresh reading of Europe CPI in November and US ADP employment condition in November on Wednesday, which are expected to be positive. LME lead is expected to range between USD 2,350-2,370/mt on Wednesday and SHFE 1701 lead will move at RMB 21,000-21,200/mt.

In China’s domestic market, traders increase supply as SHFE 1701 lead dropped from highs, leading to improving trading. Spot lead will drop by RMB 500/mt to RMB 21,250-21,400/mt on Wednesday.