LME Lead to See Range-Bound Trading (2017-1-24)

Jan 24, 2017 09:33

LME lead will range between USD 2,270-2,330/mt on Tuesday and SHFE 1703 lead will move at RMB 18,300-18,800/mt.

SHANGHAI, Jan. 24 (SMM) – Attention should be on US existing home sales in December on Tuesday, on an annual basis. LME lead will range between USD 2,270-2,330/mt on Tuesday and SHFE 1703 lead will move at RMB 18,300-18,800/mt.

In China’s domestic market, most downstream battery producers closed down for 2017 Chinese New Year holiday, leading to sluggish trading. Spot lead should rise RMB 100/mt and trade at RMB 18,550-18,650/mt on Tuesday.

SHFE lead

LME lead

lead prices

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LME Lead to See Range-Bound Trading (2017-1-24)

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