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.