LME Lead to Keep Rising Momentum Next Week, SMM Expects

Sep 2, 2016 14:25

LME lead is forecast to grow above $ 1,950 per tonne in the coming week with zinc staying firm, SMM lead group reckons.

SHANGHAI, Sept. 2 (SMM) – LME lead is forecast to grow above $ 1,950 per tonne in the coming week with zinc staying firm, SMM lead group reckons.

On SHFE market, the October-delivery lead may fall below 14,500 yuan per tonne without support from domestic spot market.

Spot lead in China’s domestic market will stabilize at 14,000 yuan per tonne. Wait-and-see sentiment will grow in spot market and trading should be lackluster.

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LME Lead to Keep Rising Momentum Next Week, SMM Expects

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