SHFE Lead to Move Lower (2016-5-6)-Shanghai Metals Market

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SHFE Lead to Move Lower (2016-5-6)

Price Review & Forecast 09:34:28AM May 06, 2016 Source:SMM

SHANGHAI, May 6 (SMM) –SHFE 1606 lead will move lower to RMB 12,850-13,000/mt on May 6.

Attention is turning to US non-farm payrolls, which should be below prior level. LME lead will move in a narrow range of USD 1,720-1,740/mt during Asian trading hours Friday. Downstream purchase stays sluggish and trading is quiet. Spot lead should trade at RMB 12,950-13,100/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-6)

SHFE Lead to Move Lower (2016-5-6)

Price Review & Forecast 09:34:28AM May 06, 2016 Source:SMM

SHANGHAI, May 6 (SMM) –SHFE 1606 lead will move lower to RMB 12,850-13,000/mt on May 6.

Attention is turning to US non-farm payrolls, which should be below prior level. LME lead will move in a narrow range of USD 1,720-1,740/mt during Asian trading hours Friday. Downstream purchase stays sluggish and trading is quiet. Spot lead should trade at RMB 12,950-13,100/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-6)