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SHFE Lead to Move Lower (2017-1-12)
Jan 12, 2017 09:34Source:SMM
LME lead is expected to range between USD 2,100-2,200/mt on Thursday and SHFE 1702 lead will move at RMB 18,000-19,000/mt .
SHANGHAI, Jan. 12 (SMM) – Attention should be on US’s initial jobless claim from the week ending January 7. LME lead is expected to range between USD 2,100-2,200/mt on Thursday. SHFE 1702 lead dropped to around the 5-day moving average on Wednesday’s night trading and will move at RMB 18,000-19,000/mt on Thursday.
In China’s domestic market, spot lead should drop RMB 50/mt to RMB 18,400-18,500/mt on Thursday.
SHFE lead
LME lead
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