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.