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SHFE Lead to Move in a Tight Range (2017-1-20)
Jan 20, 2017 09:56Source:SMM
LME lead will move at USD 2,250-2,310/mt on Friday and SHFE 1703 lead is expected to move at RMB 18,200-18,600/mt.
SHANGHAI, Jan. 20 (SMM) – Eyes should be on China’s GDP in Q4 2016 on Friday, which is expected to be flat at previous data. LME lead will move at USD 2,250-2,310/mt on Friday and SHFE 1703 lead is expected to move at RMB 18,200-18,600/mt.
In China’s domestic market, trading is quiet as downstream battery producers shut down for 2017 Chinese New Year holiday successively. Spot lead should trade at RMB 18,350-18,450/mt on Friday.
SHFE lead
LME lead
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