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SHFE Lead to Strengthen Further (2016-11-16)
Nov 16, 2016 09:39Source:SMM
LME lead is predicted to move at USD 2,210-2,230/mt on Wednesday and SHFE 1701 lead will range between RMB 18,350-18,550/mt.
SHANGHAI, Nov. 16 (SMM) – Attention should be on US’s economic data on Wednesday, including crude oil inventory from the week ending November 11, industrial production in October and inflation. LME lead is predicted to move at USD 2,210-2,230/mt on Wednesday and SHFE 1701 lead will range between RMB 18,350-18,550/mt.
In China’s domestic market, suppliers hold back goods for higher prices while downstream battery producers, fearing prices to fall, purchase in a small amount. Trading is expected to remain sluggish on Wednesday and spot lead should trade at RMB 89,800-92,700/mt.
SHFE lead
LME lead
lead prices
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