SHFE Lead Remains on the Upward Track (2016-9-30)

Published: Sep 30, 2016 09:54

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LME lead will move at USD 2,055-2,075/mt today on Friday and SHFE 1611 lead will move at RMB 15,200-15,400/mt.

SHANGHAI, Sept. 30 (SMM) – Attention should be on US personal income in August on Friday, LME lead will move at USD 2,055-2,075/mt today. SHFE 1611 lead stabilized over RMB 15,000/mt on Thursday, refreshing the two years best. And the contract should stay buoyant before China’s National Day Holiday during October 1-7 and will move at RMB 15,200-15,400/mt on Friday.

In China’s domestic market, downstream battery producers should finish stock-building in the last trading day before the holiday. Thus, trading should weaken further. Spot lead should rise by RMB 450/mt to RMB 15,150-15,300/mt on Friday due to firm SHFE 1611 lead.

LME lead prices SHFE lead price lead prices

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