LME Lead to Stay Range-Bound (2016-9-14)

Sep 14, 2016 09:49

LME lead is predicted to move at USD 1,880-1,900/mt on Wednesday and SHFE 1610 lead should range at RMB 13,950-14,150/mt.

SHANGHAI, Sept. 14 (SMM) – Eyes should be on the movement of US dollar index and crude oil inventories reported by the Energy Information Administration (EIA). LME lead is predicted to move at USD 1,880-1,900/mt on Wednesday. SHFE 1610 lead fluctuated above RMB 14,000/mt on Tuesday. The contract should range at RMB 13,950-14,150/mt on Wednesday.

In China’s domestic market, traders offer prices firmly while downstream battery producers purchase based on orders ,mainly under term contracts. Spot trading should improve slightly. Spot lead should be traded at RMB 14,050-14,150/mt on Wednesday.

SHFE lead price

LME lead price

lead prices

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LME Lead to Stay Range-Bound (2016-9-14)

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