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Home / Metal News / SHFE Lead to See Range-Bound Trading (2016-11-14)

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

Nov 14, 2016 10:07

Source:SMM

LME lead will range at USD 2,100-2,130/mt on Monday and SHFE 1701 lead is expected to fluctuate between RMB 16,800-17,000/mt.

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.

SHFE lead

LME lead

lead prices

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

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