SHFE Lead to Strengthen (2016-11-29)-Shanghai Metals Market

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SHFE Lead to Strengthen (2016-11-29)

Price Review & Forecast 09:44:09AM Nov 29, 2016 Source:SMM

SHANGHAI, Nov. 29 (SMM) – Eyes should be on US Conference Board's consumer confidence index in November on Tuesday, which is expected to be positive. LME lead is predicted to range between USD 2,435-2,455/mt on Tuesday and SHFE 1701 lead will move at RMB 22,600-22,800/mt.

In China’s domestic market, market players take a wait-and-see stance as SHFE 1701 lead surged, resulting in quiet trading. Spot lead should rise RMB 800/mt to RMB 21,850-22,000/mt on Tuesday.

Key Words:  SHFE lead  LME lead  lead prices 

Price

more
#1 Lead
Apr.22
16600.0
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.22
16525.0
25.0
(0.15%)
Secondary Lead
Apr.22
16125.0
25.0
(0.16%)

SHFE Lead to Strengthen (2016-11-29)

Price Review & Forecast 09:44:09AM Nov 29, 2016 Source:SMM

SHANGHAI, Nov. 29 (SMM) – Eyes should be on US Conference Board's consumer confidence index in November on Tuesday, which is expected to be positive. LME lead is predicted to range between USD 2,435-2,455/mt on Tuesday and SHFE 1701 lead will move at RMB 22,600-22,800/mt.

In China’s domestic market, market players take a wait-and-see stance as SHFE 1701 lead surged, resulting in quiet trading. Spot lead should rise RMB 800/mt to RMB 21,850-22,000/mt on Tuesday.

Key Words:  SHFE lead  LME lead  lead prices