SHFE Lead to Move in a Narrow Range (2016-9-6)

Sep 6, 2016 10:08

LME lead should fluctuate at USD 1,965-1,985/mt on Tuesday and SHFE 1610 lead will range between RMB 14,450-14,600/mt.

SHANGHAI, Sept. 6 (SMM) – Attention should be on US ISM non-manufacturing index for August today, which is expected to be lower than the previous data.

LME lead should fluctuate at USD 1,965-1,985/mt on Tuesday. SHFE 1610 lead moved at around RMB 14,550/mt on Monday. And the contract is predicted to range between RMB 14,450-14,600/mt on Tuesday.

In China’s spot market, traders offer goods actively but most downstream battery producers take a wait-and-see stance. Spot trading shows no notable improvement from last Friday. Spot prices should be offered at RMB 14,300-14,400/mt on Tuesday.

LME lead prices

SHFE lead prices

lead prices

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SHFE Lead to Move in a Narrow Range (2016-9-6)

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