SHFE Lead to Move in a Tight Range (2016-11-21)-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Futures movement
  • Market commentary
  • Aluminium
  • Lead
  • Inventory data
  • Customs data
  • Evening comments
  • Morning comments
  • MMi Iron Ore Port Index
  • Li-Ion Battery Cathode Material
  • Copper
  • china npi output
  • Macroeconomics
  • Copper scrap

SHFE Lead to Move in a Tight Range (2016-11-21)

Price Review & Forecast 09:37:25AM Nov 21, 2016 Source:SMM

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.

Key Words:  SHFE lead  LME lead  lead prices 

Price

more
#1 Lead
Apr.24
16500.0
-75.0
(-0.45%)
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.24
16375.0
-100.0
(-0.61%)
Secondary Lead
Apr.24
16050.0
-75.0
(-0.47%)

SHFE Lead to Move in a Tight Range (2016-11-21)

Price Review & Forecast 09:37:25AM Nov 21, 2016 Source:SMM

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.

Key Words:  SHFE lead  LME lead  lead prices