SHFE 1708 lead traded at RMB 17,690-17,800/mt after opening on Thursday and ended at RMB 17,735/mt, up RMB 75/mt or 0.71%.
price review forecast
The number of US initial jobless claims last week, annualized Q1 GDP and PCE goods price index and eurozone June industrial and economic sentiment index and CCI will be released today.
LME lead will stay firm on Thursday with price range at USD 2,275-2,305/mt and SHFE 1708 lead will hover at RMB 17,550-17,750/mt.
SHFE 1708 lead opened at RMB 17,645/mt and closed at RMB 17,715/mt, up RMB 455/mt or 2.64%.
US crude oil inventory data will be announced today.
LME lead will keep rising on Wednesday with price range at USD 2,250-2,285/mt and SHFE 1708 lead will drop slightly on Wednesday with price range at RMB 17,200-17,500/mt.
SHFE 1708 lead, becoming the most actively traded one, opened at RMB 17,200/mt and closed at RMB 17,405/mt, up RMB 220/mt or 1.28%.
Profit at China’s large industrials in May and Conference Board’s June CCI for the US will be released today.
LME lead will trade at USD 2,230-2,265/mt and SHFE 1708 lead will drop slightly on Tuesday with price range at RMB 17,100-17,300/mt.
SHFE 1707 lead opened at RMB 17,260/mt and closed at RMB 17,300/mt, down RMB 160/mt or 0.92%.
National Bureau of Statistics (NBS) data showed China’s zinc output fell 9.9% on a yearly basis to 481,000 tonnes in May.
Copyright @ 2017 SMM Inc. All rights reserved.