Home / Metal News / SHFE Lead to Move Lower (2016-12-19)

SHFE Lead to Move Lower (2016-12-19)

iconDec 19, 2016 10:15
Source:SMM
LME lead will move at USD 2,200-2,280/mt on Monday and SHFE 1702 lead is expected to move between RMB 19,000-19,500/mt.

SHANGHAI, Dec. 19 (SMM) – Attention should be on US Federal Reserve’s speech for labor market on Monday. LME lead will move at USD 2,200-2,280/mt on Monday. SHFE 1702 lead opened lower and dropped below RMB 20,000/mt last Friday. The contract will test support at RMB 19,000/mt on Monday and is expected to move between RMB 19,000-19,500/mt on Monday.

In China’s domestic market, spot premiums kept narrowing and market players watched from sidelines. Downstream battery producers purchased in a small amount. Spot lead should fall RMB 600/mt to RMB 19,750-19,850/mt on Monday.

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