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Home / Metal News / LME Lead to See Range-Bound Trading (2016-7-8)

LME Lead to See Range-Bound Trading (2016-7-8)

iconJul 8, 2016 09:20
Source:SMM
LME lead will narrowly range USD 1,800-1,820/mt during Asian trading hours Friday.

SHANGHAI, Jul. 8 (SMM) – LME lead will narrowly range USD 1,800-1,820/mt during Asian trading hours Friday.

Focus will be on US non-farm payrolls and market sentiment stays cautious.

SHFE 1609 lead will hover between RMB 12,900-13,100/mt on Jul. 8. In China’s spot market, downstream demand is still weak. Cargo holders give offers as usual and wait-and-see sentiment dominates market. Spot lead should trade at RMB 12,750-12,850/mt today.

 

 


LME lead price forecast
SHFE lead prices

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