SHFE Lead to Move Lower (2016-8-4)-Shanghai Metals Market

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

Price Review & Forecast 09:22:54AM Aug 04, 2016 Source:SMM

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)

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

Price Review & Forecast 09:22:54AM Aug 04, 2016 Source:SMM

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)