SHANGHAI, Jul. 29 (SMM) – LME lead will range between USD 1,790-1,810/mt during Asian trading hours Friday.
Markets expect US flash annualized seasonal Q2 GDP to be positive, which will boost US dollar.
SHFE 1609 lead will hover between RMB 13,550-13,750/mt on Jul. 29. In China’s spot market, cargo holders are still bullish and hold back sales. Downstream buyers favor term purchase and trading will stay dull. Spot lead will quote at RMB 13,350-13,450/mt today.