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SHFE Lead to Strengthen (2016-11-28)

iconNov 28, 2016 09:52
Source:SMM
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.

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.

SHFE lead
LME lead
lead prices

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