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Home / Metal News / SHFE Lead to Move Lower (2016-8-4)

SHFE Lead to Move Lower (2016-8-4)

iconAug 4, 2016 09:22
LME lead will fall to USD 1,795-1,815/mt during Asian trading hours Thursday with firmer dollar.

SHANGHAI, Aug. 4 (SMM) – LME lead will fall to USD 1,795-1,815/mt during Asian trading hours Thursday with firmer dollar.

US initial jobless claims should be positive in the week ending July 30, which will send up US dollar.  

SHFE 1609 lead will fluctuate between RMB 13,800-14,000/mt on Aug. 4. In China’s spot market, price offers for branded lead reduce and traders increase release of goods to market with falling SHFE lead. Overall trading will pick up. Spot lead will trade at RMB 13,700-13,850/mt today. 

Key Macroeconomic Indicators for Base Metal Prices (2016-8-4)

LME lead prices
SHFE lead 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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