SHFE Lead to Post Gains (2016-11-9)-Shanghai Metals Market

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SHFE Lead to Post Gains (2016-11-9)

Price Review & Forecast 10:03:55AM Nov 09, 2016 Source:SMM

SHANGHAI, Nov. 9 (SMM) – Attention should be on US presidential election on Wednesday. LME lead will range at USD 2,100-2,120/mt on Wednesday and SHFE 1701 lead will rise to RMB 16,850-16,950/mt.

In China’s domestic market, suppliers keep firm offers and downstream battery producers purchased based on orders, resulting in sluggish trading. Spot lead should increase RMB 100/mt to RMB 16,650-16,800/mt on Wednesday.

Key Words:  SHFE lead  LME lead  lead prices 

Price

more
#1 Lead
Apr.23
16575.0
-25.0
(-0.15%)
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.23
16475.0
-50.0
(-0.30%)
Secondary Lead
Apr.23
16125.0
0.0
(0.00%)

SHFE Lead to Post Gains (2016-11-9)

Price Review & Forecast 10:03:55AM Nov 09, 2016 Source:SMM

SHANGHAI, Nov. 9 (SMM) – Attention should be on US presidential election on Wednesday. LME lead will range at USD 2,100-2,120/mt on Wednesday and SHFE 1701 lead will rise to RMB 16,850-16,950/mt.

In China’s domestic market, suppliers keep firm offers and downstream battery producers purchased based on orders, resulting in sluggish trading. Spot lead should increase RMB 100/mt to RMB 16,650-16,800/mt on Wednesday.

Key Words:  SHFE lead  LME lead  lead prices