Metals News
SHFE Lead to Hold Firm (2016-8-22)
price review forecast
09:13AM
Aug 22,2016
Source:SMM

SHANGHAI, Aug. 22 (SMM) – SHFE 1610 lead will stay strong and range RMB 13,800-14,000/mt on Aug. 22.

Eyes will be on movement of US dollar index and crude oil.

LME lead will narrowly range USD 1,880-1,900/mt during Asian trading hours Monday. 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. 


LME lead price
SHFE lead prices
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