SHFE Lead to See Range-Bound Trading (2016-11-14)-Shanghai Metals Market

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SHFE Lead to See Range-Bound Trading (2016-11-14)

Price Review & Forecast 10:07:11AM Nov 14, 2016 Source:SMM

SHANGHAI, Nov. 14 (SMM) – Eyes should be on European industrial production in September on Monday. LME lead will range at USD 2,100-2,130/mt on Monday. SHFE 1701 lead dropped from highs last Friday and is expected to fluctuate between RMB 16,800-17,000/mt on Monday.

In China’s domestic market, upstream and downstream battery producers both take a wait-and-see stance, leading to quiet trading on Monday. Spot lead should fall by RMB 250/mt to RMB 16,700-16,850/mt on Monday.

Key Words:  SHFE lead  LME 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 See Range-Bound Trading (2016-11-14)

Price Review & Forecast 10:07:11AM Nov 14, 2016 Source:SMM

SHANGHAI, Nov. 14 (SMM) – Eyes should be on European industrial production in September on Monday. LME lead will range at USD 2,100-2,130/mt on Monday. SHFE 1701 lead dropped from highs last Friday and is expected to fluctuate between RMB 16,800-17,000/mt on Monday.

In China’s domestic market, upstream and downstream battery producers both take a wait-and-see stance, leading to quiet trading on Monday. Spot lead should fall by RMB 250/mt to RMB 16,700-16,850/mt on Monday.

Key Words:  SHFE lead  LME lead  lead prices