SHFE Lead to Strengthen (2016-11-25)-Shanghai Metals Market

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SHFE Lead to Strengthen (2016-11-25)

Price Review & Forecast 09:38:23AM Nov 25, 2016 Source:SMM

SHANGHAI, Nov. 25 (SMM) – Eyes should be on US’s economic data on Friday, including wholesale inventories in October, Markit service and composite PMI in November, which is expected to be higher than October’s level. US dollar index will increase and offshore yuan will stabilize above 7. LME lead is predicted to move at USD 2,235-2,255/mt on Friday and SHFE 1701 lead will range between RMB 20,200-20,400/mt.

In China’s domestic market, suppliers raise prices up as SHFE 1701 lead surges while downstream battery producers take a wait-and-see stance, leading sluggish trading. Spot lead will rise RMB 200/mt and trade at RMB 19,950-20,050/mt on Friday.

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 to Strengthen (2016-11-25)

Price Review & Forecast 09:38:23AM Nov 25, 2016 Source:SMM

SHANGHAI, Nov. 25 (SMM) – Eyes should be on US’s economic data on Friday, including wholesale inventories in October, Markit service and composite PMI in November, which is expected to be higher than October’s level. US dollar index will increase and offshore yuan will stabilize above 7. LME lead is predicted to move at USD 2,235-2,255/mt on Friday and SHFE 1701 lead will range between RMB 20,200-20,400/mt.

In China’s domestic market, suppliers raise prices up as SHFE 1701 lead surges while downstream battery producers take a wait-and-see stance, leading sluggish trading. Spot lead will rise RMB 200/mt and trade at RMB 19,950-20,050/mt on Friday.

Key Words:  SHFE lead  LME lead  lead prices