SHFE Lead to Post Gains (2016-11-10)-Shanghai Metals Market

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SHFE Lead to Post Gains (2016-11-10)

Price Review & Forecast 10:15:07AM Nov 10, 2016 Source:SMM

SHANGHAI, Nov. 10 (SMM) – Attention should be on US initial jobless claims from the week ending November 4 on Thursday. LME lead should range between USD 2,135-2,155/mt on Thursday and SHFE 1701 lead will rise to RMB 16,950-17,150/mt.

In China’s domestic market, suppliers keep firm offers with bullish outlook while downstream battery producers take a wait-and-see stance, resulting in sluggish trading. Spot lead should increase by RMB 200/mt to RMB 16,850-17,000/mt on Thursday.

Key Words:  SHFE lead  LME lead  lead prices 

Price

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#1 Lead
Apr.24
16500.0
-75.0
(-0.45%)
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.24
16375.0
-100.0
(-0.61%)
Secondary Lead
Apr.24
16050.0
-75.0
(-0.47%)

SHFE Lead to Post Gains (2016-11-10)

Price Review & Forecast 10:15:07AM Nov 10, 2016 Source:SMM

SHANGHAI, Nov. 10 (SMM) – Attention should be on US initial jobless claims from the week ending November 4 on Thursday. LME lead should range between USD 2,135-2,155/mt on Thursday and SHFE 1701 lead will rise to RMB 16,950-17,150/mt.

In China’s domestic market, suppliers keep firm offers with bullish outlook while downstream battery producers take a wait-and-see stance, resulting in sluggish trading. Spot lead should increase by RMB 200/mt to RMB 16,850-17,000/mt on Thursday.

Key Words:  SHFE lead  LME lead  lead prices