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

Hot Keywords

  • Zinc
  • Nickel
  • Market commentary
  • Copper scrap
  • Aluminium
  • Copper
  • Inventory data
  • Nickel sulphate
  • NPI
  • Futures movement
  • Rare earth
  • Production data
  • Lead
  • Iron ore
  • Excavator

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

Price Review & Forecast 09:53:24AM Nov 03, 2016 Source:SMM

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.

Key Words:  LME lead  SHFE lead  lead prices 

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

Price Review & Forecast 09:53:24AM Nov 03, 2016 Source:SMM

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.

Key Words:  LME lead  SHFE lead  lead prices