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Home / Metal News / LME Lead to See Range-Bound Trading (2016-9-8)

LME Lead to See Range-Bound Trading (2016-9-8)

Sep 8, 2016 09:54

Source:SMM

LME lead should move at USD 1,910-1,930/mt and SHFE 1610 lead will fluctuate between RMB 14,050-14,250/mt today.

SHANGHAI, Sept. 8 (SMM) – Attention should be on China’s import and export data and US’s initial jobless claims on Thursday.

LME lead should move at USD 1,910-1,930/mt on Thursday. SHFE 1610 lead soared at first and then dropped on Wednesday. And the contract will fluctuate between RMB 14,050-14,250/mt today.

In China’s domestic market, traders offer prices actively but downstream battery producers choose to stand sidelines with pessimistic outlook. This will leave trading quiet. In China’s market, spot prices are predicted to decline by RMB 100/mt to RMB 14,100-14,200/mt today with falling SHFE 1610 lead

SHFE lead price

LME lead prices

lead prices

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SHFE 1709 lead opened at RMB 18,555/mt and closed at RMB 18,425/mt, down RMB 15/mt or 0.08%.

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SHFE 1709 lead opened at RMB 18,185/mt and ended at RMB 18,445/mt, up RMB 255/mt or 1.40%.

Aug 2, 2017 17:29

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LME lead will hover at USD 2,305-2,335/mt on Monday and SHFE 1709 lead will fluctuate between RMB 18,050-18,250/mt.

Jul 31, 2017 09:33

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Orders at Ignition Battery Producers See No Improvement, Despite of Rising End-User Demand, SMM Says

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Jul 26, 2017 17:59

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SMM Comments

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Jul 24, 2017 13:23

Industry SMM Comments

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SMM Insight Industry

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Dec 20, 2016 14:09

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SHFE 1702 lead opened at RMB 20,595/mt and finally closed at RMB 20,775/mt, up RMB 75/mt or 0.36%.

Dec 8, 2016 17:55

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LME Lead to See Range-Bound Trading (2016-9-8)

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