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.