SHFE Lead to Hover at Highs (2016-12-2)

SHANGHAI, Dec. 2 (SMM) – Attentions should be on China’s PMI and US’s nonfarm payroll report in November on Friday, which is expected to be positive. US dollar index will remain firm. LME lead is expected to move between USD 2,340-2,360/mt on Friday and SHFE 1701 lead will hover at RMB 20,700-20,900/mt.

In China’s domestic market, spot lead should drop RMB 200/mt to RMB 20,800-20,950/mt on Friday.