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LME Lead Sets with Losses (2016-11-18)
Nov 18, 2016 09:38Source:SMM
LME lead is predicted to move at USD 2,165-2,185/mt on Friday and SHFE 1701 lead will fluctuate between RMB 17,780-17,980/mt.
SHANGHAI, Nov. 18 (SMM) – Attention should be on US leading economic indicators by Conference Board in October and November on Friday, which is expected to be lower than previous level. US dollar index will drop from highs on Friday. LME lead is predicted to move at USD 2,165-2,185/mt on Friday and SHFE 1701 lead will fluctuate between RMB 17,780-17,980/mt.
In China’s domestic market, spot lead should trade at RMB 17,900-18,000/mt on Friday with improving trading.
SHFE lead
LME lead
lead prices
For queries, please contact Michael Jiang at michaeljiang@smm.cn
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