SHFE 1710 lead opened at RMB 19,715/mt and closed at RMB 19,840/mt, down RMB 525/mt or 2.58%.
price review forecast
Market will eye University of Michigan’s consumer confidence index for August today.
LME lead will trade at USD 2,390-2,420/mt on Friday and SHFE 1710 lead will fluctuate at RMB 19,600-20,000/mt.
SHFE 1710 lead opened at RMB 19,580/mt and closed at RMB 20,365/mt, up RMB 925/mt or 4.76%.
Market will eye UK July retail sales, euro zone’s July CPI and June trade data, as well as US initial jobless claims for last week and industrial output for July today.
LME lead will trade at USD 2,480-2,520/mt on Thursday and SHFE 1709 lead will fluctuate at RMB 20,000-20,400/mt.
SHFE 1708 lead opened at RMB 19,325/mt and reached RMB 19,510/mt.
Market will eye US crude oil stocks, UK ILO jobless rate in Q2, euro zone’s seasonally adjusted Q2 GDP, and US housing starts in July today.
LME lead will trade at USD 2,320-2,355/mt on Wednesday and SHFE 1709 lead will fluctuate at RMB 19,200-19,400/mt.
SHFE 1709 lead opened lower at RMB 19,060/mt and closed at RMB 19,215/mt, up RMB 165/mt or 0.87%.
Rumor has it the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) held a meeting on August 7 and required all state-owned steel companies to suspend trade fina
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