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SHFE Lead to Move Higher (2016-11-4)
Nov 4, 2016 09:41Source:SMM
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
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