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LME Lead to Move in a Tight Range (2017-2-27)
Feb 27,2017 09:37CST
Source:SMM
LME lead will trade at USD 2,230-2,265/mt and SHFE 1704 lead will move between RMB 18,000-19,000/mt.

SHANGHAI, Feb. 27 (SMM) – Eyes should be on US’s monthly January existing home sales on Monday. LME lead will trade at USD 2,230-2,265/mt on Monday and SHFE 1704 lead will meet resistance and will move between RMB 18,000-19,000/mt.

In China’s domestic market, with rallying SHFE 1704 lead, spot lead rebounds slightly but demand at end-user market is still poor. Operating rates at battery producers will remain low in a short term and spot transaction will be quiet. Spot lead should rise RMB 100/mt and trade at RMB 18,800-18,900/mt on Monday.

SHFE lead
LME lead
lead prices

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