LME Lead to Remain Range-Bound Trading (2017-2-22)

Published: Feb 22, 2017 09:40

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LME lead will trade at USD 2,250-2,350/mt on Wednesday and SHFE 1704 lead will move between RMB 18,500-19,200/mt.

SHANGHAI, Feb. 22 (SMM) – Attention should be on US’s existing home sales in January on Wednesday. LME lead will trade at USD 2,250-2,350/mt on Wednesday and SHFE 1704 lead will move between RMB 18,500-19,200/mt.

In China’s domestic market, spot lead should drop RMB 200/mt and trade at RMB 18,850-18,950/mt on Wednesday.

SHFE lead LME lead lead 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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