SHFE Lead to Strengthen (2016-11-7)-Shanghai Metals Market

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SHFE Lead to Strengthen (2016-11-7)

Price Review & Forecast 09:54:49AM Nov 07, 2016 Source:SMM

SHANGHAI, Nov. 7 (SMM) – Eyes should be on US presidential election on Monday. LME lead will range between USD 2,080-2,100/mt on Monday and SHFE 1612 lead is expected to rise to RMB 16,650-16,800/mt.

In China’s domestic market, suppliers raise prices with rising SHFE 1612 lead, resulting in sluggish trading. Spot lead should rise by RMB 100/mt to RMB 16,550-16,700/mt on Monday.

Key Words:  SHFE lead  LME lead  lead prices 

Price

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#1 Lead
Apr.25
16575.0
75.0
(0.45%)
#1 Lead - Guangdong
Apr.25
16575.0
100.0
(0.61%)
#1 Lead - Henan
Apr.25
16550.0
75.0
(0.46%)
#1 Lead -Tianjin
Apr.25
16575.0
75.0
(0.45%)
#2 Lead
Apr.25
16450.0
75.0
(0.46%)

SHFE Lead to Strengthen (2016-11-7)

Price Review & Forecast 09:54:49AM Nov 07, 2016 Source:SMM

SHANGHAI, Nov. 7 (SMM) – Eyes should be on US presidential election on Monday. LME lead will range between USD 2,080-2,100/mt on Monday and SHFE 1612 lead is expected to rise to RMB 16,650-16,800/mt.

In China’s domestic market, suppliers raise prices with rising SHFE 1612 lead, resulting in sluggish trading. Spot lead should rise by RMB 100/mt to RMB 16,550-16,700/mt on Monday.

Key Words:  SHFE lead  LME lead  lead prices