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

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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 

Price

more
#1 Lead
Apr.22
16600.0
50.0
(0.30%)
T/C for domestic lead concentrate
Apr.01
1850.0
0.0
(0.00%)
T/C for imported lead concentrate
Apr.01
27.5
0.0
(0.00%)
#2 Lead
Apr.22
16525.0
25.0
(0.15%)
Secondary Lead
Apr.22
16125.0
25.0
(0.16%)

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