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Home / Metal News / SHFE Lead to Strengthen (2016-10-25)

SHFE Lead to Strengthen (2016-10-25)

Oct 25, 2016 09:57

Source:SMM

LME lead is predicted to move at USD 2,025-2,055/mt on Tuesday and SHFE 1612 lead will range between RMB 16,250-16,500/mt.

SHANGHAI, Oct. 25 (SMM) – There will be lack of news on Tuesday while market players continued digesting positive news on Monday’s night trading and this helped commodities price up on Tuesday. LME lead is predicted to move at USD 2,025-2,055/mt on Tuesday. The SMM/LME lead price ratio increased with falling Chinese yuan. SHFE 1612 lead will range between RMB 16,250-16,500/mt on Tuesday.

In China’s domestic market, suppliers still hold firm prices while downstream producers purchased based on orders. Spot lead will trade at RMB 16,250-16,400/mt on Tuesday.

LME lead

SHFE lead

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 Lead to Strengthen (2016-10-25)

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