SHFE Lead to Rebound (2016-8-16)

Published: Aug 16, 2016 09:50

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US housing starts and CPI in July are expected to fall short of June’s.

SHANGHAI, Aug. 16 (SMM) – US housing starts and CPI in July are expected to fall short of June’s. LME lead should fluctuate between USD 1,850-1,870/mt, and SHFE 1609 lead will rebound to RMB 13,500-13,700/mt. Spot supply will remain limited. Cargo holders will quote normally, and downstream buyers will remain on the sidelines, mainly taking delivery for term contracts. Spot lead is expected to drop RMB 125/mt to RMB 13,600-13,700/mt.

SHFE lead prices LME lead price

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