LME Lead to See Weak Trading (2016-7-29)-Shanghai Metals Market

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LME Lead to See Weak Trading (2016-7-29)

Price Review & Forecast 09:29:45AM Jul 29, 2016 Source:SMM

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. 


LME Lead to See Weak Trading (2016-7-29)

Price Review & Forecast 09:29:45AM Jul 29, 2016 Source:SMM

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.