SHANGHAI, Aug. 19 (SMM) – LME lead will narrowly range USD 1,885-1,905/mt during Asian trading hours Friday.
Eyes will be on movements of US dollar and crude oil.
SHFE 1609 lead will hover between RMB 13,750-13,950/mt on Aug. 19. In China’s spot market, traders rush to sell with large spot premiums. Downstream buyers do not accept high prices. Spot lead will rise to RMB 13,800-13,950/mt today.