Home / Metal News / SHFE Lead to Keep Firm (2016-11-30)

SHFE Lead to Keep Firm (2016-11-30)

iconNov 30, 2016 09:37
Source:SMM
LME lead is expected to range between USD 2,350-2,370/mt on Wednesday and SHFE 1701 lead will move at RMB 21,000-21,200/mt.

SHANGHAI, Nov. 30 (SMM) – Attention should be on fresh reading of Europe CPI in November and US ADP employment condition in November on Wednesday, which are expected to be positive. LME lead is expected to range between USD 2,350-2,370/mt on Wednesday and SHFE 1701 lead will move at RMB 21,000-21,200/mt.

In China’s domestic market, traders increase supply as SHFE 1701 lead dropped from highs, leading to improving trading. Spot lead will drop by RMB 500/mt to RMB 21,250-21,400/mt on Wednesday.

SHFE lead
LME lead
lead prices

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All