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SHFE Lead to Hover at Highs (2016-12-2)
Dec 2, 2016 09:26Source:SMM
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.
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.
SHFE lead
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For queries, please contact William Gu at williamgu@smm.cn
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