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Home / Metal News / SHFE Lead to keep Downward Momentum (2016-11-3)

SHFE Lead to keep Downward Momentum (2016-11-3)

Nov 3, 2016 09:53

Source:SMM

LME lead should move at USD 2,055-2,075/mt on Thursday and SHFE 1612 lead will range between RMB 16,300-16,500/mt.

SHANGHAI, Nov. 3 (SMM) – Eyes should be on US’s data on Thursday, including initial jobless claims early last week, durable goods orders and factory orders in September. LME lead should move at USD 2,055-2,075/mt on Thursday. SHFE 1612 lead fell on Wednesday and will range between RMB 16,300-16,500/mt on Thursday.

In China’s domestic market, suppliers reduced prices with dropping SHFE 1612 lead, resulting in improving trading. Spot lead should trade at RMB 16,300-16,500/mt on Thursday.

LME lead

SHFE lead

lead prices

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