SHFE Lead to Move Higher (2016-5-30)
LME market will be closed on Monday.
SHANGHAI, May 30 (SMM) – LME market will be closed on Monday.
SHFE 1607 lead will increase to RMB 12,750-12,900/mt on May 30. In China’s spot market, smelters hold offers firm while downstream buyers mainly purchase under term contracts. Spot lead should grow to RMB 12,700-12,800/mt today.
Key Macroeconomic Indicators for Base Metal Prices (2016-5-30)
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