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SHFE Lead to Set with Losses (2017-3-3)
Mar 3, 2017 09:26Source:SMM
LME lead will trade at USD 2,220-2,300/mt and SHFE 1704 lead will move between RMB 18,000-18,850/mt on Friday.
SHANGHAI, Mar. 3 (SMM) – Attention should be on China’s February Caixin service PMI on Friday. LME lead will trade at USD 2,220-2,300/mt. SHFE 1704 lead surrendered all previous gains on Thursday’s night trading and will move between RMB 18,000-18,850/mt on Friday.
In China’s domestic market, spot transaction will improve after prices drop. Spot lead should drop RMB 250/mt and trade at RMB 18,550-18,650/mt on Friday.
SHFE lead
LME lead
lead prices
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