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LME Lead to Move in Tight Range (2017-1-6)
Jan 6, 2017 09:50Source:SMM
LME lead will range between USD 2,000-2,080/mt on Friday and SHFE 1702 lead is expected to move at RMB 17,400-18,200/mt.
SHANGHAI, Jan. 6 (SMM) – Attention should be on US’s nonfarm payroll report in December on Friday. LME lead will range between USD 2,000-2,080/mt on Friday and SHFE 1702 lead is expected to move at RMB 17,400-18,200/mt.
In China’s domestic market, downstream battery producers start building stocks for 2017 Chinese New Year but the demand is lower than previous years’ level. Spot lead should trade at RMB 17,750-17,850/mt on Friday.
SHFE lead
LME lead
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