SHFE Lead to Keep Firm (2016-11-30)-Shanghai Metals Market

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

Price Review & Forecast 09:37:43AM Nov 30, 2016 Source:SMM

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.

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 Keep Firm (2016-11-30)

Price Review & Forecast 09:37:43AM Nov 30, 2016 Source:SMM

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.

Key Words:  SHFE lead  LME lead  lead prices