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SHFE Lead to Move in a Tight Range (2016-11-21)
Nov 21, 2016 09:37Source:SMM
LME lead is predicted to move at USD 2,130-2,150/mt on Monday and SHFE 1701 lead will fluctuate between RMB 17,650-17,850/mt.
SHANGHAI, Nov. 21 (SMM) – Eyes should be on US dollar index and European Central Bank President Mario Draghi’s speech on Monday. LME lead is predicted to move at USD 2,130-2,150/mt on Monday and SHFE 1701 lead will fluctuate between RMB 17,650-17,850/mt.
In China’s domestic market, suppliers remain firm offers with tight supply while downstream battery producers purchase mainly under term contracts with wary sentiment. Spot lead should trade at RMB 17,750-17,900/mt on Monday.
SHFE lead
LME lead
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