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SHFE Lead to Move Higher (2017-1-16)
Jan 16, 2017 09:58Source:SMM
LME lead will range at USD 2,250-2,310/mt and SHFE 1703 lead will move at RMB 18,750-19,150/mt.
SHANGHAI, Jan. 16 (SMM) – Attention should be on US dollar index on Monday. LME lead will range at USD 2,250-2,310/mt. SHFE 1703 lead dropped from highs last Friday and will move at RMB 18,750-19,150/mt on Monday.
In China’s domestic market, spot demand misses market expectation and downstream battery producers buy small amounts of goods, resulting sluggish trading. Spot lead should rise RMB 150/mt to RMB 18,550-18,700/mt on Monday.
SHFE lead
LME lead
lead prices
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