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SHFE Lead Remains Buoyant (2016-11-24)
Nov 24, 2016 09:55Source:SMM
LME lead is predicted to move at USD 2,225-2,240/mt on Thursday and SHFE 1701 lead will keep firm at RMB 19,450-19,650/mt.
SHANGHAI, Nov. 24 (SMM) – Attention should be on market liquidity flow after US releasing Federal Reserve’s meeting minute of monetary policy in November. LME lead is predicted to move at USD 2,225-2,240/mt on Thursday and SHFE 1701 lead will keep firm at RMB 19,450-19,650/mt.
In China’s domestic market, market players watch from sidelines as SHFE 1701 lead surges, resulting in sluggish trading. Spot lead should rise by RMB 500/mt and trade at RMB 19,250-19,350/mt on Thursday.
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LME lead
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