SHFE Lead to Move Higher (2016-11-4)-Shanghai Metals Market

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

Price Review & Forecast 09:41:24AM Nov 04, 2016 Source:SMM

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.

Key Words:  LME lead  SHFE lead  lead prices 

Price

more
#1 Lead
Apr.19
16550.0
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.19
16500.0
50.0
(0.30%)
Secondary Lead
Apr.19
16100.0
50.0
(0.31%)

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

Price Review & Forecast 09:41:24AM Nov 04, 2016 Source:SMM

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.

Key Words:  LME lead  SHFE lead  lead prices