SHFE Lead to Hold Firm (2016-8-22)

Published: Aug 22, 2016 09:13

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

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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