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SHFE Lead to Set with Small Gains (2017-2-21)

Published: Feb 21, 2017 09:30
LME lead will fluctuate between USD 2,250-2,350/mt on Tuesday and SHFE 1704 lead will trade at RMB 18,800-19,500/mt.

SHANGHAI, Feb. 21 (SMM) – Eyes should be on eurozone’s manufacturing PMI in February on Tuesday. LME lead will fluctuate between USD 2,250-2,350/mt on Tuesday. SHFE 1704 lead rallied slightly on Monday’s night trading and will trade at RMB 18,800-19,500/mt on Tuesday.

In China’s domestic market, rising SHFE 1704 lead will stimulate market optimistic sentiment, leading to improving spot transaction. Spot lead should increase RMB 200/mt and trade at RMB 19,000-19,100/mt on Tuesday.

SHFE leadLME leadlead prices

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

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