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Home / Metal News / SHFE Lead to Move Lower (2017-1-12)

SHFE Lead to Move Lower (2017-1-12)

Jan 12, 2017 09:34

Source: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

lead prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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