SHFE Lead to Move Higher (2016-11-22)

Price Review & Forecast 09:48:34AM Nov 22, 2016 Source:SMM

SHANGHAI, Nov. 22 (SMM) – Eyes should be on US existing home sales in October on Tuesday, which is expected to be lower than September’s level, weighing down US dollar index. LME lead is predicted to range between USD 2,175-2,195/mt on Tuesday and SHFE 1701 lead will move at RMB 18,300-18,450/mt.

In China’s domestic market, suppliers raise prices up while downstream battery producers take a wait-and-see stance. Trading will be quiet on Tuesday and spot lead should increase RMB 200/mt to RMB 18,150-18,250/mt.

Key Words:  SHFE lead  LME lead  lead prices 

SHFE Lead to Move Higher (2016-11-22)

Price Review & Forecast 09:48:34AM Nov 22, 2016 Source:SMM

SHANGHAI, Nov. 22 (SMM) – Eyes should be on US existing home sales in October on Tuesday, which is expected to be lower than September’s level, weighing down US dollar index. LME lead is predicted to range between USD 2,175-2,195/mt on Tuesday and SHFE 1701 lead will move at RMB 18,300-18,450/mt.

In China’s domestic market, suppliers raise prices up while downstream battery producers take a wait-and-see stance. Trading will be quiet on Tuesday and spot lead should increase RMB 200/mt to RMB 18,150-18,250/mt.

Key Words:  SHFE lead  LME lead  lead prices