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SHFE Lead to Move Higher (2016-7-13)

iconJul 13, 2016 09:12
SHFE 1609 lead will increase to RMB 13,200-13,400/mt on Jul. 13.

SHANGHAI, Jul. 13 (SMM) – SHFE 1609 lead will increase to RMB 13,200-13,400/mt on Jul. 13.

Eyes will be a series of economic figures from China, including trade data.

LME lead will narrowly range USD 1,865-1,885/mt during Asian trading hours Wednesday. In China’s spot market, traders give offers as usual and some battery makers tend to increase production. Downstream demand remains limited. Spot lead should grow to RMB 12,900-13,000/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2016-7-13)

SHFE lead prices
LME lead price forecast
Pb prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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