SHFE Lead to Move Higher (2016-11-4)

Published: Nov 4, 2016 09:41

Save

LME lead is expected to fluctuate between USD 2,065-2,085/mt on Friday and SHFE 1612 lead will rise to RMB 16,450-16,650/mt.

SHANGHAI, Nov. 4 (SMM) – Attention should be on US nonfarm payroll report and unemployment rate in October on Friday. LME lead is expected to fluctuate between USD 2,065-2,085/mt on Friday and SHFE 1612 lead will rise to RMB 16,450-16,650/mt.

In China’s domestic market, suppliers cut prices with falling SHFE 1612 lead but trading remains sluggish. Spot lead should increase by RMB 125 to RMB 16,450-16,600/mt on Friday.

LME lead SHFE lead lead prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

14 hours ago

Central China Lead Smelter's Upgrade Delayed, Production to Resume in October

【Lead Smelter Dynamics】 It is understood that a mid-sized primary lead smelter in Central China has indicated that the actual progress of its electrolytic lead equipment technological renovation and upgrade is slower than expected. The equipment upgrade was originally planned to be completed in about one month, but in reality, it will be difficult to complete before the end of September. The lead smelting system is expected to resume production at the earliest in October.

14 hours ago

Spot cargo holds prices firm to support the market, SHFE lead consolidates on a weak note and closes down 0.32% [Lead Futures Brief Comment]

14 hours ago

16 hours ago

Data: SHFE, DCE market movement (Sep 15)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 15 Sep , 2026

16 hours ago