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.