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 

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