SHFE Lead Remains Buoyant (2016-11-24)-Shanghai Metals Market

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SHFE Lead Remains Buoyant (2016-11-24)

Price Review & Forecast 09:55:18AM Nov 24, 2016 Source:SMM

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.

Key Words:  SHFE lead  LME lead  lead prices 

Price

more
#1 Lead
Apr.19
16550.0
50.0
(0.30%)
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.19
16500.0
50.0
(0.30%)
Secondary Lead
Apr.19
16100.0
50.0
(0.31%)

SHFE Lead Remains Buoyant (2016-11-24)

Price Review & Forecast 09:55:18AM Nov 24, 2016 Source:SMM

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.

Key Words:  SHFE lead  LME lead  lead prices