SHFE Lead to See Weak Trading (2016-6-8)-Shanghai Metals Market

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SHFE Lead to See Weak Trading (2016-6-8)

Price Review & Forecast 09:46:00AM Jun 08, 2016 Source:SMM

SHANGHAI, Jun. 8 (SMM) – SHFE 1607 lead will see weak trading and fluctuate between RMB 12,650-12,800/mt on Jun. 8.

Attention is turning to China’s trade data due for release soon, which may boost worries about China in market. This will pose pressure on base metals.

LME lead will hover between USD 1,690-1,710/mt during Asian trading hours Wednesday. In China’s spot market, inventories pile up at downstream producers, who thus show little nuying interest. Trading will be thin in market. Spot lead should be offered at RMB 12,650-12,800/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2016-6-8)

SHFE Lead to See Weak Trading (2016-6-8)

Price Review & Forecast 09:46:00AM Jun 08, 2016 Source:SMM

SHANGHAI, Jun. 8 (SMM) – SHFE 1607 lead will see weak trading and fluctuate between RMB 12,650-12,800/mt on Jun. 8.

Attention is turning to China’s trade data due for release soon, which may boost worries about China in market. This will pose pressure on base metals.

LME lead will hover between USD 1,690-1,710/mt during Asian trading hours Wednesday. In China’s spot market, inventories pile up at downstream producers, who thus show little nuying interest. Trading will be thin in market. Spot lead should be offered at RMB 12,650-12,800/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2016-6-8)