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SHFE 1610 lead extends losses with declines in trading volumes and trading shows no marked improvement in China’s domestic market. Also, the restarted capacities will be released to market progressively. As such, SHFE 1610 lead will be sensitive to 14,000 yuan per tonne in the coming week.
Spot lead in China may trace SHFE lead down to 14,000-14,150 yuan per tonne in the coming week. Trading should pick up marginally following declines in spot prices.
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