LME Lead to Post Gains (2016-11-15)-Shanghai Metals Market

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LME Lead to Post Gains (2016-11-15)

Price Review & Forecast 10:00:54AM Nov 15, 2016 Source:SMM

SHANGHAI, Nov. 15 (SMM) – Attention should be on US NY empire state index in November on Tuesday, which is expected to be higher than previous level, supporting US dollar index while weighing down offshore Chinese yuan. LME lead is expected to range between USD 2,180-2,200/mt on Tuesday and SHFE 1701 lead will fluctuate at RMB 17,800-17,950/mt.

In China’s domestic market, trading is predicted to be sluggish. Spot lead should rise by RMB 400/mt to RMB 17,450-17,550/mt on Tuesday.

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%)

LME Lead to Post Gains (2016-11-15)

Price Review & Forecast 10:00:54AM Nov 15, 2016 Source:SMM

SHANGHAI, Nov. 15 (SMM) – Attention should be on US NY empire state index in November on Tuesday, which is expected to be higher than previous level, supporting US dollar index while weighing down offshore Chinese yuan. LME lead is expected to range between USD 2,180-2,200/mt on Tuesday and SHFE 1701 lead will fluctuate at RMB 17,800-17,950/mt.

In China’s domestic market, trading is predicted to be sluggish. Spot lead should rise by RMB 400/mt to RMB 17,450-17,550/mt on Tuesday.

Key Words:  SHFE lead  LME lead  lead prices