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 

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