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SHFE Lead to Move Lower (2016-9-5)
Sep 5, 2016 09:50Source:SMM
LME lead is expected to range between USD 1,935-1,955/mt on Monday and SHFE 1610 lead to drop slightly and move at RMB 14,350-14,550/mt.
SHANGHAI, Sept. 5 (SMM) – Eyes should be on Caixin China service PMI in August and US dollar movement on Monday.
LME lead is expected to range between USD 1,935-1,955/mt on Monday and SHFE 1610 lead to drop slightly and move at RMB 14,350-14,550/mt. Traders offer goods actively but downstream battery producers have low interest in purchasing. Buyers and sellers fail to reach consensus on traded prices after SHFE 1610 lead post growth and thus chose to watch from the sidelines. Spot prices should fall by RMB 250/mt to RMB 14,150-14,300/mt on Monday.
SHFE lead prices
LME lead prices
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