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

Feb 21, 2017 09:30

Source:SMM

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 lead

LME lead

lead prices

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

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