SHFE Lead to Strengthen (2016-10-25)-Shanghai Metals Market

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SHFE Lead to Strengthen (2016-10-25)

Price Review & Forecast 09:57:31AM Oct 25, 2016 Source:SMM

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.

Key Words:  LME lead  SHFE lead  lead prices 

SHFE Lead to Strengthen (2016-10-25)

Price Review & Forecast 09:57:31AM Oct 25, 2016 Source:SMM

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.

Key Words:  LME lead  SHFE lead  lead prices