SHFE Lead to Mover Higher (2016-7-15)

Published: Jul 15, 2016 09:22

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SHFE 1609 lead will grow to RMB 13,250-13,450/mt on Jul. 15.

SHANGHAI, Jul. 15 (SMM) – SHFE 1609 lead will grow to RMB 13,250-13,450/mt on Jul. 15.

Eyes will be on China’s Q2 GDP, which may be below Q1’s level.

LME lead will narrowly range USD 1,885-1,905/mt during Asian trading hours Friday. In China’s spot market, today is the last trading day for SHFE 1607 lead and traders will unwilling to give price offers. Trading should be subdued. Spot lead should follow SHFE lead up to RMB 12,950-13,100/mt today.

SHFE lead prices LME lead price forecast

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