SHFE Lead to Strengthen (2016-11-28)-Shanghai Metals Market

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SHFE Lead to Strengthen (2016-11-28)

Price Review & Forecast 09:52:51AM Nov 28, 2016 Source:SMM

SHANGHAI, Nov. 28 (SMM) – Attention should be on US Dallas Fed Manufacturing Activity in November on Monday. LME lead will range at USD 2,420-2,440/mt on Monday and SHFE 1701 lead is expected to move between RMB 21,050-21,250/mt.

In China’s domestic market, market players watch from sidelines as SHFE 1701 lead surged, leading to quiet trading. Spot lead should rise by RMB 500/mt to RMB 20,350-20,500/mt on Monday.

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 (2016-11-28)

Price Review & Forecast 09:52:51AM Nov 28, 2016 Source:SMM

SHANGHAI, Nov. 28 (SMM) – Attention should be on US Dallas Fed Manufacturing Activity in November on Monday. LME lead will range at USD 2,420-2,440/mt on Monday and SHFE 1701 lead is expected to move between RMB 21,050-21,250/mt.

In China’s domestic market, market players watch from sidelines as SHFE 1701 lead surged, leading to quiet trading. Spot lead should rise by RMB 500/mt to RMB 20,350-20,500/mt on Monday.

Key Words:  SHFE lead  LME lead  lead prices